This year 68 cryptocurrency hedge funds closed

According to Crypto Fund Research, for the 11 months of this year, the minimum of 68 hedge funds specializing in cryptocurrencies have ceased its activities.

According to researchers, they mainly served institutional investors, such as family offices, pension funds and wealthy people. In the United States, 28 such organizations were closed, in Europe — 23, in Asia and the Pacific, total 14, and 3 more funds in other areas.

At the same time, the number of cryptocurrency hedge funds launched this year decreased twice as compared with the 2018 indicator.

Analysts note that the reduction occurred against the background of the unstable year for cryptocurrency, when high volatility did them «

Currently, Crypto Fund Research researchers have a total of 804 cryptophord, of which 355 are hedge funds, and 425 — venture.

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