Fold

Jin akashini

Senior Member
vietnamese
Hi every one,

I would like to ask you the meaning of the phrase "fold", below is the context.

Bitcoin, the bellwether for the entire market, has retreated from last year’s heights, sending the crypto fund returns down 48 percent in the first quarter, according to the Eurekahedge Crypto-Currency Hedge Fund Index.

Many funds aren’t expected to survive for long, and some have already folded;

I guess it means "narrow"

This sentence is derived from an article, here is the link:
https://www.bloomberg.com/news/articles/2018-04-20/four-harvard-students-jump-on-the-crypto-hedge-fund-bandwagon

Thanks
 
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