Currency Economy

$200M hedge fund pauses crypto arbitrage trading amid market downturn

Cryptocurrency6 minutes ago (Jul 04, 2021 09:40AM ET)

$200M hedge fund pauses crypto arbitrage trading amid market downturn

$200M hedge fund pauses crypto arbitrage trading amid market downturn

Crypto hedge fund Nickel Digital Asset Management cycled into a cash position following the crypto market collapse of May.

According to Bloomberg, the $200 million crypto hedge fund led by JPMorgan (NYSE:JPM) and Goldman Sachs (NYSE:GS) alumni redeployed its capital in anticipation of another explosive price run for cryptocurrencies.

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