# kaal:claim:3409548-030

**Claim.** Crypto hedge funds deliver diversification by giving investors exposure to a wide range of digital currencies without the risk of investing in either the underlying organization behind a protocol or the digital currency itself.

**Type.** mechanism  **Support.** argued

**Holds when.**

- crypto funds holding broad baskets of digital assets

**Source quote.**

> Such funds provide investors with exposure to a wide range of digital currencies without the risk of investing in either the underlying organization behind a protocol or the digital currency itself.

**From.** Kaal, *Financial Technology and Hedge Funds* (2019), III.3 Diversification, page 27

**Cite as.** Kaal, Financial Technology and Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3409548

**Verify.** sha256 of source PDF `74227ab2656b06bfe4a29c942fc2ba26df9f476917e0a9f85ec038b8c3402c40` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Financial%20Technology%20and%20Hedge%20Funds.pdf

**Topics.** systemic-risk

**Keywords.** crypto-funds, diversification, asymmetric-investment, digital-assets

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