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August 22, 2018  

Unusual Crypto Fund Takes Shape

A recently formed cryptocurrency business is marketing a fund that would generate returns by performing “proof of stake” functions for digital-currency networks.The Los Angeles firm, BitPros, is aiming to launch its Digital Asset Reward Fund on Sept. 1, with the goal of raising $30 million by yearend. Portfolio manager Michael Austin and partner Joshua Frazin already have a number of commitments in hand.Unlike most crypto funds, which...

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