The hedge fund plans to invest in areas such as blockchain technology, payments systems for digital currencies and stablecoins.
The May sell-off in crypto has seen a number of leveraged positions held by investors with losses.
Jones said he likes bitcoin and sees it as a great way to protect wealth over the long run.
The Securities and Exchange Commission (SEC) is accusing the founder of hedge fund Virgil Capital of fraud.
Renaissance Technologies’ market-crushing Medallion fund is considering jumping into bitcoin futures, recent regulatory filings show.
Alternative trading system Openfinance is adding PRTS to its platform.
Investor Bill Miller said last week that his MVP1 hedge fund has half of its investments in bitcoin.
This hedge fund is betting that blockchain can drive the price of middlemen down to zero, raising $100 million to invest in a range of tokens.
At least one hedge fund sees the potential for big price gains should bitcoin’s scaling debate ultimately be overcome.