I don't mean to beat this point to death, but the hedge funds are getting into this space and will throw massive amounts of money at it. These guys have been sucking wind for a while relative to passive products and long only managers. Their clients are tired of paying premium fees for under-performance. Regardless of what the U.S. regulators think, there are lots of jurisdictions where a fund can be domiciled and plenty of non U.S. investors who will chase yield. To me the space is becoming a bit of a no-brainer if you hold a basket of tokens. Some will perform very well in my opinion.
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I absolutely agree. The hedge funds may eventually ruin the Wild West feel the crypto market has to it right now, but for now, I'm adding eggs to my basket as well.