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Crypto hedge funds that make up Eurekahedge’s index of crypto hedge funds have skilled a 21.15% return in January 2020.
Eurekahedge Crypto-Foreign money Hedge Fund Index
2017 vibes?
This isn’t solely the perfect January on file (the Index goes again to July 2013) however the first optimistic return for the month of January since 2017, when it posted a modest 4.85%. 2017 occurred to be essentially the most profitable yr for crypto hedge funds up to now. That yr, they posted a whopping 1,708.50% annual return.
Market sentiment
The Index doesn’t embody all crypto hedge funds, however nonetheless, it’s indicative of the general market sentiment and appears to intently correspond to the market. Good outcomes for the funds ought to make fundraising simpler for fund managers and result in extra investments within the area.
Occasions have modified since 2017 when one may generate copious returns by throwing darts on the board. Since then, crypto funds have both advanced to change into “sensible cash” or have perished.
The truth that the Index has posted such optimistic returns final month is an indication of the maturation of the crypto ecosystem as an entire.
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