Asset management firm Reality Shares is preparing to launch a $100 million cryptocurrency hedge fund, Business Insider reported.

Earlier in January, the company launched a blockchain exchange-traded fund (ETF). The Reality Shares Nasdaq NexGen Economy ETF, trading under the ticker BLCN, seeks to invest in leading global companies creating and implementing blockchain solutions.

More recently, Reality Shares launched the first-ever China blockchain ETF – the Reality Shares Nasdaq NexGen Economy China ETF, which seeks to identify and invest in Chinese companies committing material resources to develop and implement blockchain technology.

Sources familiar with the company’s cryptocurrency hedge fund plan told Business Insider that the fund will be capped a $100 million and already has a $25 million committed.

According to Crypto Fund Research, more than 150 cryptocurrency funds were launched in 2017, including hedge funds and venture capital.

“It’s quite possible there will be over 100 crypto fund launches again in 2018 based on the current pace. In addition to the launch of new VC and crypto hedge funds, we expect existing hedge funds to incorporate cryptocurrencies in their portfolios,” Crypto Fund Research said.

“So far in 2018, the rate of new crypto fund launches has actually accelerated. Even with a slowing of cryptocurrency prices, we are on pace for a record 100+ new launches for 2018.”

More than 60 cryptocurrency hedge funds have launched so far in 2018, which includes Coinbase Index Fund, Neufund, Block X, Bitcoin Investment Fund and many others.