Nasdaq.com has an article about the rise of the crypto funds by a guest contributor.
The year of 2017 witnessed a jaw-dropping increase in the market cap of cryptocurrencies, and the crazy money effect that followed has attracted an influx of funds at an unprecedented velocity. While individual-oriented financing activities in this space, often referred to as Initial Coin Offerings or ICOs, are facing more and more pressure from regulators, institutional investors of cryptocurrencies, or “crypto funds,” have come to dominate this emerging financial market.