Web3 investor DNA Fund acquires Coral Capital

On October 18, Web3 investor DNA Fund announced the acquisition of investment management firm Coral Capital for an undisclosed amount. The acquisition will bring DNA Fund to over $50 million in assets under management, including Coral's high-yield hedge fund and venture funds focused on DeFi, artificial intelligence, blockchain and other sectors. With this acquisition, DNA Fund also plans to capitalize on growing institutional investor interest by expanding into several new verticals in the coming year, including BTC and ETH income funds, as well as more investment funds focused on AI, meme coins and microcaps. (Globenewswire)