Sequoia and Andreessen Horowitz Are Secretly Backing This Cryptocurrency Hedge Fund

MetaStable Capital, a stealthy startup hedge fund based in San Francisco that invests only in cryptocurrencies such as Bitcoin and Ethereum. It was savvy enough to have scooped up Bitcoin when it was free. One of its founders is the well-known CEO of AngelList, Naval Ravikant. It's backed by a roster of Silicon Valley's top venture capital firms, and boasts returns of more than 500%.