Crypto Asset Manager Arca Launches First Fund for Startup Investments

Asset management firm Arca has launched “Endeavor Venture Fund,” a new fund to invest in crypto startups. The firm’s first VC fund was oversubscribed above its $30 million cap. Arca's David Nage shares insights into the launch and the implications for the crypto asset manager's overall crypto markets outlook. Plus, his short-term price forecast for bitcoin.