The number of newly launched cryptocurrency ETFs in the first three months of this year tripled compared to the first quarter of 2023
2024-05-24 22:57:06
With the launch of new ETFs focused on cryptocurrency strategies, hype has returned to the market, and new funds focused on cryptocurrency strategies are launching at an even faster pace. According to Crypto Fund Research, 25 new venture capital and hedge funds were launched in the first three months of this year, the most since the second quarter of 2021. That's double the number of funds that closed during the same period, and nearly triple the nine funds that emerged in Quarter 1 in 2023. Last year, the number of newly formed crypto funds barely exceeded the number of funds that closed after the asset class struggled in a bear market.
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