The crypto hedge fund Arca has closed its digital yield fund that had exposure to UST risks, and the funds have been returned to investors

ChainCatcher news, according to CoinDesk, the crypto hedge fund Arca has closed its digital yield fund, which was launched in August 2021 and sought to invest in less volatile digital assets. At the time of closure, it managed slightly over $20 million in assets, which have been returned to investors. As of June 30, the fund's total asset value was $53 million.

Arca previously revealed that the digital yield fund held TerraUSD (UST) Stablecoin. However, sources say this was not the main reason for the fund's closure. Arca currently also manages its flagship digital asset fund, the venture capital-focused Arca Endeavor, and an NFT fund. (source link)