68 cryptocurrency hedge funds closed this year

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 mainly catered to institutional investors such as family offices, pension funds, and high-net-worth individuals.In the United States, 28 such organizations have closed, in Europe - 23, in Asia and the Pacific - a total of 14, and another 3 foundations in other areas.

At the same time, the number of cryptocurrency hedge funds launched this year has halved compared to2018 indicator. 

Analysts note that the reduction occurred atagainst the backdrop of a volatile year for cryptocurrencies, when high volatility made them “uncomfortable” for institutional investors. The market is still retail oriented.

Currently, Crypto Fund Research researchers have counted a total of 804 crypto funds, of which 355 – hedge funds, and 425 – venture.

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