DWF Labs Founder Aims to Launch Vertically-Focused Crypto Funds

IconCryptoNewsTerminal Staff13 Jun, 2024

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DWF Labs Founder Aims to Launch Vertically-Focused Crypto Funds

DWF Labs, a crypto market-making firm co-founded by Andrey Grachev, plans to "launch additional funds focused on specific crypto verticals in the coming months," Grachev told The Block in an interview. The firm's current fund, DWF Multi-Strategy Fund, is a quantitative fund that uses machine learning and algorithmic trading strategies to invest in various crypto assets. The new vertical-focused funds will target specific sectors within the crypto industry, such as decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming. DWF Labs believes that by focusing on specific verticals, it can gain a deeper understanding of the market dynamics and identify investment opportunities that others may miss. The firm also plans to partner with industry experts to enhance its research and investment capabilities. This move highlights the growing trend of institutional investors entering the crypto market and seeking specialized funds to gain exposure to specific sectors.

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