related article: He was bullied at school but now lives a lavish lifestyle thanks to trading in Bitcoin and other cryptocurrency
According to Crypto Fund Research, in the first 11 months of this year, at least 68 hedge funds specializing in cryptocurrencies ceased operations.
According to the researchers, they’re mostlyserved institutional investors such as family offices, pension funds, and affluent people. 28 such organizations closed in the USA, 23 in Europe, a total of 14 in Asia and the Pacific, and 3 more funds in other areas.
related article: Australian investor bought a 2,800sqm property in Charleville with money he earned by innovative financial tool
Along with this, the number of cryptocurrency hedge funds launched this year has halved compared to indicator of 2018.
Analysts note that the reduction occurred onAmid an unstable year for cryptocurrencies, when high volatility made them “uncomfortable” for institutional investors. The market is still retail oriented.
At present, Crypto Fund Research researchers have counted a total of 804 crypto funds, of which 355 are hedge funds and 425 are venture funds.
Read this:
Crypto Fund Research: About 70 Cryptocurrency Hedge Funds Closed This Year
Founder of Morgan Creek Digital predicts closure of cryptocurrency hedge funds
Increase in the share of institutional investors in the cryptocurrency market
BTC peaks even without institutional investors
The death of hedge funds | Debugi | Septoplasty | API API
UK financial regulator conducts 74% more cryptocurrency investigations in 2019