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Crypto fund managers call for patience following collapse in digital asset prices

Fund managers specialising in cryptocurrencies are appealing for patience from investors after a year in which huge falls in prices severely dented their performance.

Investors poured money into funds trading bitcoin and other cryptocurrencies in 2017, seeking to benefit from a sector-wide boom.

But with the price of bitcoin down almost three-quarters last year, mirroring big falls in other digital assets, many investors have tried to head for the exits — prompting funds to urge them to stay the course.

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