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News Link • Currencies

Wall Street Hedge Funds Rush to Cryptocurrencies...

•, C. Edward Kelso

Crypto Hedge Funds Now at 124 and Counting

Evelyn Cheng of CNBC reports that leading U.K.-based independent fintech research company, Autonomous Next, claims "more than 90 funds focused on digital assets like bitcoin have launched this year, bringing the total number of such 'crypto-funds' to 124."

Her article details how "the largest share of the funds, 37 percent, used venture capitalist-type strategies and had about $1.1 billion in assets under management," with digital assets and "statistical arbitrage on digital currencies" rounding out the rest.

Autonomous Next's estimates that in total the "assets under management by crypto-funds now stands at $2.3 billion," CNBC documents.

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