Crypto hedge funds that make up Eurekahedge's index of crypto hedge funds have skilled a 21.15% return in January 2020. Eurekahedge Crypto-Forex
Crypto hedge funds that make up Eurekahedge’s index of crypto hedge funds have skilled a 21.15% return in January 2020.
Eurekahedge Crypto-Forex Hedge Fund Index
2017 vibes?
This isn’t solely the very best January on document (the Index goes again to July 2013) however the first constructive return for the month of January since 2017, when it posted a modest 4.85%. 2017 occurred to be probably the most profitable 12 months for crypto hedge funds so far. That 12 months, 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 carefully 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 developed to develop into “good cash” or have perished.
The truth that the Index has posted such constructive returns final month is an indication of the maturation of the crypto ecosystem as a complete.