Bitcoin Mania Helps Fund’s Returns. But Crypto Push Leads to Downgrade

Bitcoin Mania Helps Fund’s Returns. But Crypto Push Leads to Downgrade - WSJ

Morningstar said the Emerald Advisers fund was taking on too much cryptocurrency risk.

A mutual fund that invests in banks and financial firms was downgraded by Morningstar Inc.. with the rating firm saying the fund was taking too much cryptocurrency risk. In 2020. Emerald Advisers LLC’s Banking and Finance fund bought cryptocurrency funds.

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