20% of hedge funds launched this year are crypto focused

posted 8 months ago
Crypto hedge fund launches are spiking to all-time highs according to a new report from Crypto Fund Research. 90 crypto hedge funds launched in the first 3 quarters of this year, and the total is expected to reach as high as 120 for the financial year. With roughly 600 hedge funds of all types expected to launch in 2018, the expected 120 crypto-focused hedge funds would comprise a notable 20% of that total.

The figures mark the growing investor awareness of cryptocurrencies over the last two years, and the number of companies setting up to cater for their new interest. Last year, crypto hedge funds accounted for 16 percent of new hedge funds, and, in 2016, the figure was less than 3 percent. The research also looks at the geography of new crypto hedge fund launches, saying around a half are based in the U.S. However, multiple launches have been seen in Australia, China, Malta, Switzerland, The Netherlands and the U.K. this year. Joshua Gnaizda, founder of Crypto Fund Research said "While we don't believe the rate of new launches is sustainable longer-term, there are currently few signs of a significant slowdown."
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