Almost 70 crypto hedge funds have closed this year
06 December 2019 - 12:00AM
Coin Rivet
According to San Francisco-based Crypto Fund Research, despite
the clamour for institutional investment, almost 70 crypto hedge
funds have closed in 2019 so far. The same Crypto Fund Research
report cited in Bloomberg also says that the number of funds
opening in 2019 is less than half the amount the year before. Most
of the funds halting operations catered to high-net-worth
individuals, family offices, and pensions. Of the 70 crypto hedge
funds to close, some 28 were in North America, 23 in Europe, and 17
in Asia/Pacific and other regions. 2019 was meant to be the year of
institutions With the entrance of key players such as Fidelity and
ICE Markets into the space this year, 2019 was heralded among
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