Crypto hedge funds keep rising even with bitcoin losses

Crypto hedge funds keep rising even with bitcoin losses

Up to 150 cryptocurrency hedge funds kept a threefold increase of their assets under management in 2018, even with the difficult conditions the market faced last year. Reported by PwC and Elwood Asset Management, the price of bitcoin declined by 72% and the median crypto hedge fund lost 46%

Midpoint assets under management grew from $1.2 million in January 2018 to $4.3 million in the first quarter of 2019. Half of the analyzed crypto funds are domiciled in Cayman, followed by US and the BVI.

According to a report, there are only around 150 active crypto hedge funds, which sum up to $1 billion of assets, not including index funds and venture capitalists.

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