The market for digital coins and tokens hit over $800 billion and bitcoin soared close to $20,000, according to data from CoinMarketCap . The rapid rise of the market precipitated the launch of a number of crypto-focused investors. At last check, over 220 such hedge funds exist, according to a Reuters report .

But mainstream money managers have stayed away. To be sure, the cryptocurrency market is brimming with fraud, uncertainty, and hacks. JPMorgan estimates that a third of bitcoin exchanges have been hacked.

Looking at the market more optimistically, Wellington notes that the market's infrastructure is falling into place.