Less than half of the fund's investments will be in bitcoin (BTC) and ether (ETH), the two largest cryptocurrencies, with the aim of diversifying allocations to smaller cap assets.
PLUS: The tragicomedy of Sam Bankman-Fried continued on Friday with the revocation of his bail. Even before the decision, CoinDesk columnist David Morris explained why the outcome was predictable.
Ripple's partial victory over the Securities and Exchange Commission pushed up the layer 1 and altcoin market, as many of these tokens had been accused of being securities.