#Struggling cryptohedge fund says it will still do well even if bitcoin becomes 'Pets.com'

Despite bitcoin's price skid this year, one hedge fund manager holding the cryptocurrency says even if it flops the way Pets.com did in the dot-com era, his investors will still make money.

Chris Ratcliffe | Bloomberg | Getty Images

The Securities and Exchange Commission has focused its attention on initial coin offerings, or digital coins released through fundraisers known as token sales. The agency issued "scores of subpoenas," including requests for information about sales of new digital coins, according to Wall Street Journal reports...Click here to know the details story

Kate Rooney | @Kr00ney

Markets Reporter
— CNBC's Leslie Picker contributed to this report.

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