Sequoia slashes its crypto fund by 66% after swap collapses: Document

Sequoia slashes its crypto fund by 66% after industry collapses: Account

Enterprise capital large Sequoia Capital reportedly downsized its cryptocurrency fund from $585 million to $200 million, amid a liquidity crunch and a pivot away toward smaller crypto players.

In accordance to a July 27 Wall Avenue Journal dispute, the tech-focused VC company informed traders in March it would minimize its Sequoia Crypto Fund — alongside with its ecosystem fund — to higher replicate changed market stipulations.

<em>VC fund inflows into the cryptocurrency market over the final 300 and sixty five days. Source: Cointelegraph Research</em>

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