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HomeCryptocurrencyPractically 100 Crypto Hedge Funds Have Closed For the reason that Starting...

Practically 100 Crypto Hedge Funds Have Closed For the reason that Starting of the Yr, and Crypto Funds Underperformed Bitcoin within the First Half of the Yr Acquire US

In keeping with knowledge from Swiss funding marketing consultant 21e6 Capital AG, there have been greater than 700 cryptocurrency funds worldwide this yr, however for the reason that starting of 2023, 97 funds (13%) have closed crypto funds.

Furthermore, the typical return for these crypto funds within the first half of the yr was 15.2%, lagging behind Bitcoin’s 83.3% acquire.

Many funds are holding more money than regular resulting from final yr’s turmoil within the business, the report stated.

Funds with a market-neutral technique have been the worst performers, with a median return of simply 6.8 p.c over the January-June interval, stated Maximilian Bruckner, head of promoting and gross sales at 21e6.

Funds that made directional bets returned a median of 21.9 p.c. However the efficiency nonetheless lags behind Bitcoin.

Whereas many funds have needed to sluggish operations resulting from regulatory uncertainty over common banking companions and fund governing our bodies.

However discretionary crypto funds don’t face this downside, whereas quant funds are extra susceptible to unstable markets.

DISCLAIMER: The knowledge offered by WebsCrypto doesn’t symbolize any funding suggestion. The articles revealed on this web site solely symbolize private opinions and don’t have anything to do with the official place of WebsCrypto.

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