Crypto Funds Watch, a monthly publication with a curated community of more than 4,000 institutional professionals in the crypto funds space, has acquired CryptoFund.News. The news was announced in a LinkedIn post last Friday.

Founded in 2020 by Marc P. Bernegger, the outlet had established itself as a dedicated news platform for crypto funds and digital asset managers.

Focus on a lucrative niche

«Back then the market was still in its early stages. In the meantime, it has grown significantly and become much more professional,» Bernegger told finews.ch. «With the acquisition, forces are being combined to address the needs of this still fast-growing market even better.»

On the business model, he explained: «There was advertising and partnerships – and building a very small but highly lucrative target group was a core focus.»

Some 800 crypto funds worldwide

According to Bernegger, there are currently around 800 crypto funds worldwide, split evenly between venture capital funds and hedge funds – the very players that CryptoFund.News and Crypto Funds Watch primarily cater to.

Bernegger is one of Switzerland’s best-known crypto entrepreneurs and co-founded the CfC St. Moritz, one of Europe’s leading blockchain and digital asset conferences. CryptoFund.News was part of his Zurich-based investment firm Bernegger Ventures.