Bloomberg: Nearly 70 Crypto-focused Hedge Funds Closed in 2019
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Dec. 4, 2019
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The year 2019 seems to be quite toughest for crypto-related hedge funds as according to Bloomberg, nearly 70 crypto-focused hedge funds decided to close their business and "wait until institutional investors jump in."

Bloomberg: Financial Action Task Force May Pose More Danger for Crypto Market than SEC

The number of new funds launched is reportedly lesser than half the number started last year.

Bloomberg shows that in 2019, 28 crypto hedge funds closed in North America, 23 in Europe, 14 in Asia and 3 funds in other regions.

Nic Carter, Co-founder of Boston-based crypto market tracker Coin Metrics claims the market is definitely retail-driven "and will remain so for the foreseeable future."

Earlier iHodl reported that one of the first pioneers among the cryptocurrency-focused hedge funds, EXANTE, streamlined the launch of Defix, a decentralized finance index which is following popular prediction markets startups in the blockchain industry.

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