Crypto Hedge Funds Down by Average of 35% Since January

[kreslik.news]

Cryptocurrency hedge funds popped up like weeds throughout the year 2017 (at least 167 of them), and for good reason–the average crypto-based hedge fund grew a revenue of 2,700 percent over the course of last year.

However, hopeful investors who bought into one of these funds at the beginning of this year aren’t quite as fortunate as those who joined the party in 2017. The financial times reported that so far this year, cryptocurrency hedge funds are actually down by an average of 35 percent. Only 8 percent of the top 25 crypto hedge funds have reported any profits ... (read more)