US investor David Swensen, who manages Yale University’s $30 billion endowment, is now betting on the crypto market by investing in a cryptocurrency-oriented fund that raised $400 million, people familiar with the matter told CNBC and Bloomberg. Paradigm, as the new fund is called, was launched by Fred Ehrsam, who co-founded crypto exchange Coinbase, Matt Huang, former partner at venture capital firm Sequoia Capital, and Charles Noyes, who worked at Pantera Capital. The sources didn’t specify how much Yale contribute...
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