Of the 110 funds, 84 were launched in 2017, 11 in 2016 and the remainder previously. Assets across the 110 funds rose to $2.2B
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Cryptocurrency Hedge Funds Top 100 for First Time
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A rise from 55 funds at Aug. 29 to 110 funds at Oct. 18 comes as investors pile into the high-performing cryptocurrency market, which has seen a tenfold increase in its value so far this year. A booming Bitcoin rallied to record highs above $5,000 in recent days <BTC=BTSP>. Of the 110 funds, 84 were launched in 2017, 11 in 2016 and the remainder previously, according to the data. Assets across the 110 funds rose to $2.2 billion.
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