The crypto fund Protocol Ventures will shut down, with losses of up to 90% in the past year

ChainCatcher news, according to Bloomberg citing informed sources, the crypto fund Protocol Ventures LP will shut down and return cash, with relevant notifications sent to investors at the end of October. Informed sources indicated that Protocol Ventures may have lost up to 90% of its funds over the past year, and the shutdown process could be completed by the end of the year or in the first quarter of 2023.

It is reported that Protocol Ventures is a crypto fund focused on investing in crypto hedge funds, having previously invested in companies such as BlockTower Capital, Multicoin Capital, Pantera, and Electric Capital. (Bloomberg)