Crypto Hedge Funds’ Average AUM Grew Three Times in Q1
May 14, 2019 – CoinDesk
Elwood CEO Bin Ren shared similar view saying that there is “increasing evidence of institutionalisation” in the cryptocurrency space, which is a positive step towards digital assets being recognized as an asset class with “true viability and longevity.”
Another report from Crypto Fund Research last October showed that crypto hedge fund launches are spiking to all-time highs. There were 90 launches in the first three quarters of 2018, and the total was expected to reach as high as 120 for the financial year.