Number of Cryptocurrency Hedge Funds is Exploding

The cryptocurrency market is red hot. Now the hedge fund community is jumping on the bandwagon.

The market for such currencies has exploded with over 800 coins on the market with a combined marketcap of $166 billion. 

There are now fifty five cryptocurrency hedge funds!

Autonomous NEXT, a fintech analytics firm, released a list of 55 cryptocurrency hedge funds on Tuesday, illustrating the mounting interest in the space. 

"Like wild mushrooms, crypto hedge funds have been taking root in the volatile and unregulated soil of the crypto economy," Autonomous NEXT said in a post on their website."So we went digging, and digging and digging," the firm added. 

 

Full article here:

Hedge funds are cashing in on bitcoin mania — there are now 50 dedicated to cryptocurrencies

 

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