Updated March 2026 · 603 funds tracked

Crypto fund performance
data you can trust

Monthly returns, 60+ risk metrics, and full due diligence data for 300+ crypto hedge funds, VCs, and index funds. Built for allocators who need more than a pitch deck.

Full database access including 300+ reporting funds - Annual billing - Cancel anytime

603
Funds with returns
60+
Risk & performance metrics
10+
Years of reported performance
11,000+
Data points
Data through January 2026
Click any fund →
Analytics tab
Export
Full Fund List
JS
All Types
Strategy
AUM
Region
Recent perf. only
317 vehicles · 208 companies
Fund Vehicle ▼ Type Strategy AUM YTD ▼ 1Y Return SI Return Sharpe Max DD Months
Apollo Crypto Fund
Apollo Capital Management
Hedge Fund Multi Strategy +2.70% +39.00% +46.23% 0.69 -69.25% 94
Block 32 Quant Alpha Fund
Block 32 Asset Management
Hedge Fund Quantitative $120M +1.40% +24.80% +187.60% 1.84 -18.40% 72
Multicoin Capital Hedge Fund
Multicoin Capital
Hedge Fund Thematic $500M +8.40% +52.30% +128.40% 1.12 -82.30% 78
Pantera Bitcoin Fund
Pantera Capital
Hedge Fund Long Only $4.7B +6.20% +41.80% +89.50% 0.95 -77.40% 96
Pythagoras Arbitrage Fund
Pythagoras Investment Mgmt
Hedge Fund Quantitative $28M +0.80% +16.20% +54.80% 2.45 -8.20% 84
Galaxy Quant Fund
Galaxy Digital
Hedge Fund Multi Strategy $1.2B +3.10% +28.50% +72.30% 1.32 -34.10% 60
Arca Digital Assets Fund
Arca
Hedge Fund Multi Strategy $150M +4.50% +31.20% +61.80% 0.88 -52.60% 66
BlockTower Gamma Fund
BlockTower Capital
Hedge Fund Market Neutral $80M +1.90% +19.70% +42.10% 1.67 -12.40% 48
Solidum Crypto Quant Strategy
Solidum Capital
Hedge Fund Quantitative $45M +0.90% +8.40% +12.10% 2.14 -6.80% 36
Swell Network Token
Swell
Tokenized Index Tracking $18M +5.80% +38.20% +22.40% 0.74 -61.30% 24
Live
Last updated: Feb 21, 2026
317 fund vehicles · 208 companies
Data through January 2026
×
Block 32 Asset Management
block32capital.com · Zug, Switzerland
Export
Fund Page
Block 32 Quant Alpha Fund Hedge Fund
SI Return
+187.60%
2025 YTD
+24.80%
Sharpe
1.84
Max DD
-18.40%
AUM
$120M
Months
72
Fund Details
Strategy
Quantitative
Category
Stat Arb, Momentum, Mean Rev
Mgmt. Fee
2.0%
Perf. Fee
20%
Min. Investment
$250,000
Lockup
90 days
Auditor
PwC Switzerland
Custodian
Copper Technologies
Administrator
Apex Fund Services
Legal Counsel
Lenz & Staehelin
Monthly Returns
Year JanFebMarAprMayJun JulAugSepOctNovDec YTD
2026 1.4 1.4%
2025 2.11.8-0.43.21.54.1 -1.22.81.93.42.21.6 24.8%
2024 1.85.20.7-3.83.6-1.1 2.4-2.51.93.16.80.9 20.3%
2023 5.41.32.8-1.4-0.81.6 0.9-1.71.13.54.23.1 21.4%
2022 -2.1-0.61.9-4.2-6.8-5.1 2.8-1.90.41.2-2.4-0.7 -16.7%
2021 3.88.44.12.9-5.6-2.1 2.46.2-1.85.7-0.9-2.3 22.0%
Growth of $100
Key Metrics
Since Inception
24 Month
12 Month
Sharpe
1.84
Sortino
2.91
Alpha (Ann.)
+8.42%
Beta
0.38
VaR 95%
-6.21%
Max Drawdown
-18.40%
Vol. (Ann.)
14.82%
BTC Corr.
0.41
JS
Index Performance
CFR Crypto Fund Indices
Growth of $100 · Risk-free rate: 0%
1Y
3Y
All
CFR Index
Bitcoin
Multi Strategy
Quantitative
Long Only
Mkt Neutral
$800 $500 $300 $100 2019 2021 2023 2025
Strategy Returns — 2025
StrategyFundsYTDSharpeSortinoMax DD
All Funds (Index) 308 +34.2% 1.42 2.18 -8.5%
Quantitative 42 +22.5% 1.92 2.85 -6.4%
Long Only 56 +41.3% 0.95 1.41 -18.7%
Market Neutral 28 +12.8% 2.45 3.62 -3.1%
Trusted by institutional investors - Featured in
WSJ
Wall Street Journal feature article screenshot
"The Rise of Crypto Fund Data"
Wall Street Journal
Bloomberg
Bloomberg feature article screenshot
"Tracking Crypto Hedge Fund Performance"
Bloomberg
Forbes
Forbes feature article screenshot
"Inside the Crypto Fund Industry"
Forbes
Reuters
Reuters feature article screenshot
"Crypto Funds See Record Inflows"
Reuters
CoinDesk
CoinDesk feature article screenshot
"Mapping the Crypto Fund Landscape"
CoinDesk
The Block
The Block feature article screenshot
"Crypto Fund Research Data Report"
The Block
View Media Coverage →

Due diligence starts with the right data

View fund fact sheets and pitch decks - plus risk metrics you won't find on most fund docs. Evaluate multiple funds on the same terms.

Monthly returns across 11,000+ data points

Track monthly returns for more than 300 funds across 11,000+ data points spanning multiple market cycles. See how managers performed through 2018's crash, 2021's peak, and everything since.

60+ risk metrics across time

Sharpe, Sortino, VaR, alpha, beta, max drawdown, correlation to BTC - calculated across Since Inception, 24-month, and 12-month windows for every fund in the database.

Full due diligence profiles

Management fees, performance fees, lockup periods, minimum investments, auditors, custodians, administrators, and legal counsel - everything your IC memo needs.

Interactive Dashboard

Search, filter, and compare in seconds

No more spreadsheet hell. Browse 300+ funds in a purpose-built interface with performance charts, monthly return heatmaps, and side-by-side comparisons.

Filter by fund type, strategy, region, and reporting status
Cumulative performance charts with BTC overlay
Export any fund's data to Excel, CSV, or PDF
MC
Multicoin Capital
Hedge FundLong/Short
ExportCompare
Since Inception
+384.6%
2025 YTD
+18.4%
AUM
$1.2B
Sharpe
1.87
Sortino
2.94
BTC Corr
0.72
Monthly Return Heatmaps

Every month, every year, at a glance

Fund-verified monthly returns let you spot patterns instantly - see consistency, seasonality, and how funds handled drawdown periods without scrolling through spreadsheets.

Full history from 2016 to present
Color intensity shows return magnitude
Annual YTD column for quick year-over-year comparison
Block 32 Capital - Monthly Returns
84 months tracked - Net of fees
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
YTD
2025
+2.8
+6.1
-0.9
+1.4
-3.2
+9.1
+4.3
+2.7
-
-
-
-
+23.9
2024
+2.1
+9.4
+7.3
-3.8
+1.2
-0.9
+3.5
-2.1
+5.6
+11.2
+3.9
+2.1
+42.8
2023
+12.4
-0.6
+2.1
-1.3
-2.7
+1.8
+3.4
-3.2
+0.9
+14.6
+6.2
+3.7
+41.2
2022
-8.4
-1.2
+2.1
-12.3
-18.6
-22.4
+4.1
-0.8
-3.1
+1.4
-6.8
-2.1
-52.4
Due Diligence Data

Everything your IC memo needs

Beyond performance numbers - get the structural data that matters for allocation decisions. Fee terms, lockup periods, service providers, and operational details for every fund.

Management fees, performance fees, hurdle rates
Auditors, custodians, administrators, legal counsel
Minimum investments, lockup periods, eligible investors
Fund Details
Fund Information
Management Fee2.0%
Performance Fee20.0%
Hurdle RateNone
Min. Investment$100K
Lockup90 days
Eligible InvestorsAccredited
Service Providers
AuditorErnst & Young
CustodianBitGo
AdministratorNAV Consulting
LegalSidley Austin
Positive Months56
Negative Months28
Flexible exports

Full data exports in one click

Export the entire database or any filtered subset to Excel or CSV. Choose exactly which fields to include — from company basics to full monthly return series. No export caps, no API limits.

Bulk or selective: Export all funds, filter by strategy, or select specific funds
Choose your fields: Company info, key people, DDQ data, monthly returns, performance metrics
Excel or CSV: Ready for your models, CRM, or IC reporting workflow
No limits: Download as often as you need — your subscription, your data
Export Data ×
WHICH FUNDS DO YOU WANT TO EXPORT?
All funds (317)
By strategy
Only selected (4)
WHICH FIELDS DO YOU WANT TO INCLUDE?
All fields
Company information
Key people
Fund vehicle details & DDQ
Monthly performance
Basic performance metrics

60+ metrics for every fund, across 3 time periods

Comprehensive risk-adjusted analytics calculated for Since Inception, 24-month, and 12-month windows.

Return Metrics
Cumulative return, annualized return, average monthly return, best month, worst month, % positive months, gain/loss ratio
Risk Metrics
Standard deviation, downside deviation, VaR (95%), CVaR (95%), max drawdown, drawdown duration, semi-deviation
Risk-Adjusted Ratios
Sharpe ratio, Sortino ratio, Omega ratio, Calmar ratio, Treynor ratio, information ratio
Relative to Bitcoin
Alpha (annualized), beta, correlation, R-squared, up capture ratio, down capture ratio, tracking error
Distribution Analysis
Skewness, kurtosis, Jarque-Bera, gain/loss ratio, average gain, average loss, maximum consecutive losses
Block 32 Capital - Risk Metrics
84 months tracked
Since Inception
24-Month
12-Month
Sharpe
1.28
Sortino
1.94
Omega
1.41
Max DD
-38.7%
BTC Corr
0.71
Alpha
14.2%
Beta
0.76
VaR 95%
-15.2%
Calmar
0.87
Skewness
0.28
Up Cap
128%
Down Cap
74%

Built for professionals who allocate to crypto

Whether you're evaluating managers, monitoring portfolios, or researching the market - the data you need is here.

Allocators & LPs

Evaluate fund managers with real data

Compare performance across hundreds of funds. Identify consistent performers, understand risk profiles, and build a shortlist backed by quantitative analysis - not just pitch decks.

Fund of Funds

Monitor your portfolio, find new managers

Track the monthly returns and risk metrics of funds in your portfolio alongside potential new additions. Spot underperformers early. Benchmark against the broader crypto fund universe.

Researchers & Analysts

Study the crypto fund landscape at scale

Access the deepest dataset on crypto fund performance available. Analyze industry trends, correlations, and risk factors across 10+ years and multiple market cycles. Export everything for your own models.

Trusted by institutional investors worldwide

★★★★★

"It is extremely helpful to have a central place to look at all of the crypto fund managers in the emerging space. The information is superb. Timely."

John Betterman
John Betterman
President, Madison Family Advisors
Madison Family Advisors
★★★★★

"Crypto Fund Research is leading the way in providing superb institutional investor data - this is helping our investment banking and venture capital firm on a daily basis."

Simon Dixon Davies
Simon Dixon Davies
Founder, Sherpa Venture Capital
Sherpa Venture Capital
★★★★★

"As an investment bank that's constantly compiling investment and investor data, coming across your database felt like a treasure trove to empower me and the entrepreneurs we help."

Silvio Pupo
Silvio Pupo
Chairman, Logos Capital
Logos Capital

Not sure which product?

The Fund List is a directory for outreach. The Performance Database is an analytics tool for investment decisions.

Crypto Fund List
$387 one-time - Excel download
  • 800+ crypto funds
  • Contact details (email, LinkedIn, Twitter)
  • AUM, strategy, fund type, region
  • 2,600+ key people with titles
  • No monthly return data
  • No performance metrics
  • No interactive dashboard

Frequently asked questions

Monthly net returns for 300+ crypto funds (hedge funds, venture funds, index funds, and fund of funds) dating back to 2016. For each fund, you also get 60+ risk and performance metrics (Sharpe, Sortino, VaR, alpha, beta, correlation, drawdown, and many more) calculated across three time periods. Plus full due diligence data including management fees, performance fees, lockup periods, minimum investments, auditors, custodians, and legal counsel.

All performance data is reported directly by fund managers on a monthly basis, net of all fees. Returns represent actual investor experience, not gross or backtested figures. Our database retains the complete return history of all funds that have ever reported — including those that have since closed or stopped reporting — to reduce survivorship bias.

All 60+ risk and performance metrics are calculated from reported monthly returns using standard institutional methodology, across three rolling windows (Since Inception, 24-month, and 12-month). Risk-free rate is 0%. Bitcoin is used as the benchmark for relative metrics.

The Performance Database is updated weekly. As funds report their monthly returns, we process and add the data within days. Most funds report with a 2-4 week lag, so you'll typically see the previous month's data appear in the first few weeks of each new month.
Yes. We offer a free demo that gives you access to a limited sample of funds so you can explore the dashboard, see the data quality, and evaluate whether it fits your workflow - before committing to a subscription.
The Crypto Fund List ($387, one-time) is a directory - 800+ funds in Excel with contact details, AUM, strategies, and key people. It's built for outreach and deal sourcing. The Performance Database ($977/year) includes everything in the Fund List plus monthly return data, 60+ risk metrics, an interactive dashboard, and due diligence data. It's built for investment analysis and fund selection.
Preqin and PitchBook are excellent generalist platforms covering all of private markets. Crypto Fund Research is specialized - we track more crypto-specific funds than any generalist provider, with deeper coverage of niche strategies, smaller funds, and funds that don't report to mainstream databases. Our pricing is also significantly more accessible for teams focused specifically on the crypto fund universe.
Yes. You can export individual fund data or filtered results to Excel, CSV, or PDF. This is useful for building internal reports, sharing with your investment committee, or running your own quantitative analysis.
Yes. Our Corporate plan ($4,977/year) includes up to 10 team seats with shared access to the full Performance Database. Contact us for custom pricing for larger teams.

Start making data-driven allocation decisions

Join institutional investors who use Crypto Fund Research to evaluate, compare, and monitor crypto fund managers.

$977per year
Less than $2.68 per day - Full database access including 300+ reporting funds
Subscribe - $977/year Try the Demo

Annual billing - Updated weekly - Cancel anytime

Data Methodology & Metric Definitions

Data Sources & Reporting Standards

All performance data in the CFR Performance Database is reported directly by fund managers on a voluntary, monthly basis. Returns are reported net of all fees (management fees and performance fees), representing the actual return experienced by investors.

Crypto Fund Research does not independently audit fund returns. However, we cross-reference reported data against publicly available NAV data, regulatory filings, and fund factsheets where available.

Reporting lag: Most funds report monthly returns with a 2–4 week lag. Data is typically available in the first few weeks of the following month.

Update frequency: The database is updated weekly as new fund reports are received.

Survivorship Bias

Our database retains the complete return history of all funds that have ever reported to us, including funds that have since closed, stopped reporting, or been liquidated. This reduces survivorship bias in aggregate statistics and index calculations. Funds are flagged as "Currently Reporting" or "Inactive" so subscribers can filter accordingly.

Time Periods

Most metrics are calculated across three rolling windows:

  • Since Inception (SI): From the fund's first reported month through the latest available month.
  • Trailing 24 Months (24M): The most recent 24 months of reported returns.
  • Trailing 12 Months (12M): The most recent 12 months of reported returns.

Benchmark & Risk-Free Rate

Bitcoin (BTC) monthly returns are used as the benchmark for all relative performance metrics (alpha, beta, correlation, R², capture ratios).

Risk-free rate: Set to 0% for all ratio calculations. This is standard practice for crypto fund analysis.

Return Metrics

Cumulative Return (SI, 24M, 12M) — The total compounded return over the period. Calculated as the product of (1 + monthly return) for each month, minus 1.

Annualized Return (SI, 24M, 12M) — The geometric average annual return. Calculated as (1 + Cumulative Return)^(12 / months) − 1.

Average Monthly Return (SI, 24M, 12M) — The arithmetic mean of all monthly returns over the period.

Best Month / Worst Month (SI, 24M, 12M) — The highest and lowest single monthly returns recorded during the period.

Positive Months / Negative Months (SI, 24M, 12M) — Count of months with returns above and below zero, respectively.

Percentage of Positive Months (SI, 24M, 12M) — Positive months divided by total months. A measure of return consistency.

Year-to-Date Return (YTD) — Compounded return from January of the current year through the latest reported month.

Risk Metrics

Volatility — Annualized (SI, 24M, 12M) — Standard deviation of monthly returns multiplied by √12. Measures total dispersion of returns.

Downside Deviation (SI, 24M, 12M) — Standard deviation of only negative monthly returns (below 0%). Captures downside risk only.

Value at Risk — 95% (SI, 24M, 12M) — Estimated maximum monthly loss at 95% confidence, using the parametric method.

Conditional Value at Risk — 95% (SI, 24M, 12M) — Average loss in the worst 5% of months. Also known as Expected Shortfall.

Maximum Drawdown (SI, 24M, 12M) — Largest peak-to-trough decline in cumulative returns over the period.

Drawdown Duration (SI) — Months from start of maximum drawdown to recovery.

Semi-Deviation (SI, 24M, 12M) — Standard deviation of returns below the mean return.

Risk-Adjusted Ratios

Sharpe Ratio (SI, 24M, 12M) — Annualized return divided by annualized volatility (risk-free rate = 0%). Measures return per unit of total risk. Above 1.0 is strong; above 2.0 is exceptional.

Sortino Ratio (SI, 24M, 12M) — Annualized return divided by annualized downside deviation. Penalizes only negative volatility.

Omega Ratio (SI, 24M, 12M) — Probability-weighted gains above 0% divided by probability-weighted losses below 0%. Captures the entire return distribution including skewness and kurtosis.

Calmar Ratio (SI, 24M, 12M) — Annualized return divided by the absolute value of maximum drawdown.

Treynor Ratio (SI, 24M, 12M) — Annualized return divided by beta (relative to Bitcoin). Measures return per unit of systematic risk.

Information Ratio (SI, 24M, 12M) — Annualized excess return over Bitcoin divided by tracking error. Measures consistency of outperformance.

Relative Performance (vs. Bitcoin)

Alpha — Annualized (SI, 24M, 12M) — Excess return beyond what the fund's beta to Bitcoin would predict. From the intercept of a linear regression of fund returns vs. BTC returns.

Beta (SI, 24M, 12M) — Sensitivity to Bitcoin price movements. Slope of the regression of fund returns vs. BTC returns. Beta of 1.0 = moves in lockstep with BTC.

Correlation to BTC (SI, 24M, 12M) — Pearson correlation between fund and Bitcoin monthly returns. Ranges from -1.0 to +1.0. Low correlation suggests diversification potential.

R-Squared (SI, 24M, 12M) — Proportion of fund return variance explained by Bitcoin returns.

Tracking Error (SI, 24M, 12M) — Annualized standard deviation of the difference between fund and Bitcoin monthly returns.

Up Capture Ratio (SI, 24M, 12M) — Fund's average return in positive BTC months divided by BTC's average return in those months. Above 100% = captured more upside than BTC.

Down Capture Ratio (SI, 24M, 12M) — Fund's average return in negative BTC months divided by BTC's average return in those months. Below 100% = better downside protection than BTC.

Distribution Analysis

Skewness (SI, 24M, 12M) — Asymmetry of the return distribution. Positive = longer right tail (more extreme gains). Negative = longer left tail (more extreme losses).

Kurtosis (SI, 24M, 12M) — "Tailedness" of the return distribution. Excess kurtosis above 3 indicates fatter tails than normal — extreme returns occur more often than expected.

Jarque-Bera (SI) — Statistical test of whether returns are normally distributed. High values indicate non-normality, meaning metrics that assume normality (VaR, Sharpe) should be interpreted with caution.

Gain/Loss Ratio (SI, 24M, 12M) — Average gain in positive months divided by average loss in negative months. Above 1.0 = winning months are larger than losing months.

Average Gain / Average Loss (SI, 24M, 12M) — Mean return in positive months and negative months, respectively.

Max Consecutive Losses (SI, 24M, 12M) — Longest streak of consecutive negative months.

CFR Crypto Fund Index

The CFR Crypto Fund Index is an equal-weighted composite of all crypto funds that reported monthly returns for a given month. Each reporting fund contributes equally regardless of AUM. Strategy sub-indices (Multi-Strategy, Quantitative, Long Only, Market Neutral, Venture, Arbitrage) use the same methodology applied to strategy subsets.

The index has been calculated monthly since January 2017. Funds enter and exit as they begin and cease reporting. Historical composition varies over time.

Limitations: As a voluntary reporting database, the index may not represent the entire crypto fund universe. Funds that perform poorly may be less likely to report, which could introduce reporting bias.

Questions

For questions about our data methodology, contact us at info@cryptofundresearch.com.