$1 Billion Crypto Hedge Fund Crashed 40% – But Still Beat Bitcoin
April 14, 2019 – CCN
Polychain Capital’s AUM crash comes at a bad time for a crypto hedge fund industry that’s still in the early stages of growth. An October 2018 report by Crypto Fund Research said that of the 600 hedge funds that were expected to hit the market last year, 20% would focus on cryptocurrencies.
In 2017, 16% of new hedge funds were dedicated to crypto assets, up sharply from 3% in 2016. The report went on to state that there are a total of 303 crypto hedge funds with AUM of less than $4 billion…