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According to a study by Crypto Fund Research, since the beginning of 2019, about 70 cryptocurrency hedge funds have been closed, which mainly serve institutionalinvestors. The number of new hedge funds launched in the same year is approximately two times lower than in 2018. Note that North America topped the list with 28 bankrupt funds, followed by Europe - 23 funds, the Asia-Pacific region - 14 funds.
The inherent volatility of Bitcoin and other cryptocurrencies keeps institutional investors at bay.
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The market is definitely retail-oriented and will remain so for the foreseeable future, the report says.
There are currently 804 cryptocurrenciesfunds, of which 355 are hedge funds and 425 are venture funds. The five largest include Arrington XRP, BlockTower Capital, Brian Kelly Capital Management, Digital Currency Group and Fenbushi Capital.
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