Hedge funds are starting to succumb to the lure of crypto memecoins in search of bigger gains, according to a report from Bloomberg. Newport Beach, California-based fund Stratos – backed by heavyweight investors Marc Andreessen and Chris Dixon – reportedly recorded 137% gains in Q1 by allocating part of its portfolio to dogwifhat (WIF), which The post TradFi Hedge Funds Eyeing Memecoins As Subsector Evolves Into ‘Culture Coins’: Report appeared first on The Daily Hodl .
