The number of cryptocurrency funds has swelled to more than 300 in 2018, demonstrating that not even a bear market is enough to stem investor interest.
The recent bitcoin price decline and subsequent bear market put a severe dent in profit projections for hedge funds that invest in cryptoassets, but it has not prevented the sheer number of these cryptocurrency funds — and the size of their assets under management (AUM) — from swelling to record levels.
Number of Cryptocurrency Funds Surpasses Another Milestone
According to new research from cryptocurrency analytics firm Autonomous Next, the number of cryptocurrency funds has exploded to more than 300 in 2018, with 312 up-and-running when the report was completed earlier this month.
Source/More: Major Milestone: There Are Now More than 300 Cryptocurrency Funds
