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Crypto-Oriented Hedge Funds See Tremendous Decline in 2018

Cover image via U.Today

While an investment giant Pantera Capital raises $71 mln only in July, things are not looking good for cryptocurrency hedge funds in general as they keep witnessing gargantuan losses in 2018. The downtrend started from January when Bitcoin dropped like a rock after reaching its December’s all-time high. Since then, an overwhelming majority of funds suffered from more than a 50 percent drop in revenue. 

According to the report released by a fintech research company Autonomous, this huge decline is primarily attributed to the fact that the majority of these hedge funds started operating just before the crypto market peaked in late December. 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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