Now Funds specializing in cryptocurrency are opening at a record rate, new research finds challenging the popular notion that a bearish market is here to stay.
96 new crypto hedge funds and venture capital funds launched in the first seven months of 2018, research by CryptoFundResearch found. At the average rate of three opening every week, the study expects** 165 funds to launch by the end of the year** and it will make 2018 the largest year for crypto funds growth.
There are currently 466 crypto funds across the world, but more than half funds are launched in the past 18 months. The exponential growth in investment firms follows rising popular interest in cryptocurrency last year, a growth in investment vehicles and an influx of institutional capital.
“The growth began when Bitcoin broke through $5,000 and in the run-up at the end of the year”, said **J