Institutional Investors and post-ICO performance: an empirical analysis of investor returns in initial coin offerings
August 18, 2020 – Journal of Corporate Finance
We then collected data on institutional investor backing via a list of institutional investors provided by CryptoFundResearch(www.cryptofundresearch.com).Thislistincludesapproximately750institutionalinvestors(mostlyVCsandhedgefunds)andtheICOstheyinvestedin.CryptoFundResearchisthemostcomprehensivelistofinvestmentsbyinstitutionalinvestmentsandisfeaturedinnotableoutletssuchasBloomberg(Kharif,2019)…