Bitcoin is perhaps the most widely known cryptocurrency, but there are many others, and hedge funds are getting in on the game with new investment opportunities.

Falling prices for cryptocurrencies, and an uncertain regulatory environment, in 2018 haven’t deterred new crypto investment funds from opening, according to new analysis from Crypto Fund Research. In fact, 2018 is on pace to surpass the previous year for the most new crypto fund launches,  according to a story at prweb.com.

[uam_ad id=”54865″]

Through July 31, there were 96 new crypto hedge funds and venture capital funds, an annual pace of 165. This would surpass the record 156 crypto funds launched in 2017. More than half of all crypto funds currently in existence have launched in just the last 18 months.

There are now 466 crypto funds across the globe.

If 2017 was “the year of Bitcoin”, 2018 is shaping up to be the year of the crypto fund. While investors await decisions from various regulators on new investment vehicles, such as the bitcoin ETF proposed by Van Eck and SolidX, crypto fund managers are setting up new funds and hoping to take advantage of what they perceive as unmet investor demand for crypto investments.

The pace of fund launches doesn’t represent the whole story, however. Though crypto funds are the fastest growing hedge fund strategy by number, overall assets are still quite meager. Crypto funds collectively manage just $7.1 billion – far less than many of the top traditional hedge funds. Most institutional investors remain on the sidelines, something many crypto fund managers hope will change in the coming months.

Top cities for cryptocurrency funds launches, 2018:

• San Francisco (9)
• New York (6)
• Singapore (5)
• London (4)

To read the complete story click here. 

Susquehanna International Group in Bala Cynwyd is doing more than discussing trading Bitcoin. The financial firm, one of the largest players in trading traditional investments like stocks, has already started doing it, according to a story we ran in June.

[uam_ad id=”54875″]