Crypto hedge fund Arca has closed its digital income fund that had exposure to UST, and money has been returned to investors

BlockBeats, November 4, CoinDesk reported that crypto hedge fund Arca has closed its Digital Income Fund, which was launched in August 2021 and sought to invest in less volatile digital assets, with just over $20 million under management at the time of closure. The money has been returned to investors. As of June 30, the fund's total asset value was $53 million. Arca previously revealed that the digital income fund held TerraUSD (UST) Stablecoin. But people familiar with the matter said that was not the main factor forcing the fund to close. Arca also manages the flagship digital asset fund, the venture-focused Arca Endeavor and the NFT fund.