The recent twists and turns of the cryptocurrency industry have put a major damper on the profits that multiple hedge funds planned for in this time of the year. However, it seems that the creators of new crypto platforms have not been discouraged at all. In fact, the amount of crypto funds and their asset sizes have passed 300 this year alone. As of the beginning of the month, the official number of funds was 312.

At the beginning of the year, the industry only hosted 251 operational funds, which makes these new funds a boost of 24%. To put things in perspective, there were a measly 56 funds just two years ago. Most of the new platforms opened within the second quarter this year, though 20 new firms were added in the first quarter. Unfortunately, during this time of year, there were still nine cryptocurrencies that had to step down.

In the research performed for CCN, it seems that the new developments of crypto platforms are directly related to the value of Bitcoin. Even with the downfall of many prices, there still has been a little glimmer of hope found in initial coin offerings (ICOs).

With all of the 312 crypto funds together, the industry is handling approximately $7.5 billion to $10 billion in assets. However, the majority of this profit has come from the bigger players in the community, like Bitcoin and Ethereum. In fact, the top 10 performers account for 43% of the current investment capital. This is probably due to the expansive resources and capital that they have at their disposal to continue new ventures. The report warns companies with less than $25 million in assets will struggle more to get where they want to go.

One other factor to consider is the connection between the increase in funds and the various investment strategies of the first. With this array of options, investors may be able to take the connection as a sign that the industry is finally getting in the right groove.

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