Multicoin Capital’s flagship crypto fund has attracted investments from high-profile venture capitalist Marc Andreessen and others, Reuters reports. The asset management firm, which launched in October, aims to raise $250 million by late June and has landed approximately $50 million, its co-founder Kyle Samani told the news agency. Multicoin is one of 225 crypto funds with combined assets of upwards of $5 billion, Reuters says. The firm invests in cryptocurrencies and rebalances its portfolio monthly. Read more here.
