Lantern Ventures Shuts Down, Signaling Consolidation in Crypto Investment

A prominent crypto hedge fund, Lantern Ventures, has announced its closure after managing over $600 million in assets. The move highlights the volatility of the cryptocurrency market and raises questions about the future of institutional investments in the space. Founded by Tara Mac Aulay, a former co-founder of Alameda Research, Lantern’s decision comes amidst challenges facing many crypto hedge funds including regulatory uncertainty and market fluctuations.