Regardless of the continual bearish environment and disapproving regulatory conditions in different parts across the world, the number of new crypto funds launched this year will possibly reach a new record by the end of the year.
For the time being, the number of new crypto funds that have been unveiled is 96 and it is predicted that by the end of the year, the total number will increase to 164, compared to the
156 made last year. In 2016, the number was 42. All joined together, there are presently 466 crypto funds across the world, according to Rohnert Park, California-based Crypto Fund Research.
Even though 55 percent of the crypto funds already unveiled are hedge funds, 42 percent are crypto venture capital funds and 3 percent are private equity funds which have come on stream with the maturation of some blockchain firms.
Crypto Fund Research noted in a statement, “If 2017 was ‘the year of Bitcoin’, 2018 is shaping up to be the year of the crypto fund.”
Out of the 466 cryptocurrency funds that have been already launched, 255 of them are crypto hedge funds. According to
Crypto Fund Research, Crypto hedge Funds are the hedge fund sector’s fastest developing segment. Moreover, a couple of the best performing hedge funds in 2017 were crypto funds. Yet, the value of the assets that crypto funds have below 0.1 percent of what hedge funds have.
Regarding assets under management, the analysis done by
Crypto Fund Research indicates that 28 crypto funds have more than US$100 million in assets and these funds included
Polychain Capital, Arrington XRP, and Galaxy Digital Assets. Of the 252 crypto funds in the U.S., only 84 are registered with the
Securities and Exchange Commission.
At 252 the United States has the highest number of crypto funds, then China/Hong Kong with 34 crypto funds and the
The United Kingdom with 29 funds. In the U.S., California is leading the pack with 121 crypto fund.