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

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

$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:) and Goldman Sachs (NYSE:) alumni redeployed its capital in anticipation of another explosive price run for cryptocurrencies.