Huobi Group Launches Four Crypto Funds and Sets $100m Target

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Huobi Asset Management has launched four digital currency funds. The company, which is a subsidiary of Huobi Technology Holdings has a $100 million target for September, setting the stage for wider institutional adoption.

Huobis Tech’s finance chef, Zhang Li, said that cryptocurrencies had become a more feasible alternative investment vehicle. In an with Bloomberg, he further explained that the feasibility is because more investors are looking to capitalize on emerging fintech sectors:

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