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"If they want to invest in a hedge fund, they have to convert to fiat, then the hedge fund will convert it into crypto for investments. Yet, in an interview, Arrington credited the launch, in part, to the idea that venture funds are "not ideal" for crypto investments, given the approval process they need to conduct with LPs.He also went on to frame the fund's use of Ripple's XRP token as one that would improve on the existing cryptocurrency hedge fund model by easing pain points.

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Pro Populi is being represented by the Electronic Frontier Foundation.

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Please conduct your own thorough research before investing in any cryptocurrency.

Tech Crunch is an American online publisher of technology industry news.