Now More Than 120 Cryptocurrency Hedge Funds

The explosive growth of cryptocurrency values has drawn in some of the investment world’s biggest players – hedge fund managers. Over the past six months, the number of crypto-focused hedge funds has exploded, moving from around 70 in August to more than 120 at the end of October.

In the last year alone, according to CNBC, more than 90 cryptocurrency funds have launched, bringing the net total to 124. These funds have more than $2.3 bln under management, with a third of the total using venture-capital style investment strategies…

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