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The investment, made through Cohen Private Ventures, is in Autonomous Partners who was started by Arianna Simpson and focused on cryptocurrencies that serve as general purpose money and companies that are building the next generation of financial infrastructure.
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Crypto-dedicated funds have taken off recently. Of the 249 crypto funds that have opened, 70 percent did so last year, according to Autonomous Research. Despite this year’s collapse in digital coin values, hedge fund managers and other investors have continued to wade into the asset class.
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