The latest report from the crypto fund Vision Hill shows that although large institutions such as Galaxy Digital and Fidelity have started to participate in the crypto field in 2019, the constructive participation of the institutions has not yet entered the crypto field. The report shows that there are still few challenges in the crypto industry. As crypto assets are still new in the financial industry, major investors are struggling between a hedge fund structure for digital asset management and a venture fund structure. A major obstacle facing large institutions is the lack of defined boundaries for available data and information. At the same time, the study also stated that substantial progress has been made in terms of institutions, but the speed of crypto funds has been limited.