The study of Crypto Fund Research showed that, despite a bear market this year, the total number of startup hedge funds 20% are cryptocurrency.
According Crypto Fund Research, over three quarters of this year was running 90 cryptocurrency hedge funds, and by the end of the year this figure can grow to 120, with a total of 596. Last year on the wave of popularity of cryptocurrency appeared 118 focused on their hedge funds.
“The number of crypto-currency hedge funds has increased dramatically since the beginning of 2017. Two-thirds of all currently operating CryptoRandom the start of the last seven quarters, including the third quarter of 2018,” the report says.
The founder of Crypto Fund Research Joshua Gnaizda (Joshua Gnaizda) noted that on the background of the decline of traditional hedge funds, the growth rate of the cryptocurrency is a noticeable deviation, and signs of a slowdown is not observed.
The company reminded that the hedge funds are part of 622 working cryptocurrency funds, including based on venture capital and direct investment. In total, they control assets of $4 billion.
We will remind, earlier Crypto Fund Research predicted that this year will be running 165 cryptocurrency funds, and the volume of their digital assets to double.