2018-7-28 07:51 |
Finance
According to analytics firm Autonomous Next, the number of active crypto funds has reached 312 – a 24% increase from the end of 2017.
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Number of Active Crypto Funds Reaches 312
The number of cryptocurrency funds has significantly expanded in recent years, growing by 456% since the end of 2016, and 791% since the end of 2015 – according to Autonomous Next.
Despite the milestone, 2018 has so far produced the lowest percentage increase in the number of cryptocurrency funds year-over-year, with the number of crypto funds growing by 124% heading into 2015, 30% heading into 2016, 60% heading into 2017, and 348% at the at the end of last year.
During the first quarter, only 20 new funds opened their doors, whilst 9 funds ceased trading.
According to the report, “The number of crypto funds is highly correlated with both ICO fundraising and the market cap of [BTC].”
Crypto Funds Manage $7.5 Bn – $10 Bn USD Collectively
Autonomous Next estimates that the total sum managed by all cryptocurrency funds is approximately between $7.5 billion and $10 billion.
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