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Total crypto-specific hedge fund market grows to $21 billion

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2024-05-25 22:58:16
Joshua de Vos, head of research at CCData, the data provider, said the bankruptcies of hedge funds Three Arrows and Alameda Research provided an opportunity for new players to enter after the market rallied. Among the funds that survived, many had achieved double-digit and triple-digit percentage returns in recent months.
De Vos said that given the cyclical nature of cryptocurrencies, it is likely that new crypto-native funds will emerge to help fill the void left by these entities and take advantage of the new opportunities that emerge during this cycle.
According to tracker Galaxy VisionTrack, the crypto-specific hedge fund market has grown from $16.30 billion in December to $21 billion for the first time since October 2022.
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