Angermayer Firm Eyeing $100M Investment in Crypto Funds
Cryptology Asset Group will look globally for promising blockchain and crypto-related businesses.
Net outflows from cryptocurrency funds totaled $44 million for the week ending June 25, marking the fourth consecutive week of redemptions.
It plans to use the funds to support blockchain projects through token swaps.
The May sell-off in crypto has seen a number of leveraged positions held by investors with losses.
Bitcoin has quadrupled in price since the last time Goldman's consumer division declared bitcoin not "suitable" for clients.
The investment banker wants his company to develop expertise in the crypto space before diving in.