Despite the persistent bearish environment and unfavorable regulatory conditions in various parts of the world, the number of new crypto funds unveiled this year is expected to break last year’s record.
So far the number of new crypto funds that have already been launched is 96 and it is projected that by the end of the year the total number will reach a figure of 165, against last year’s 156. In 2016 the figure was 42. Combined there are now 466 crypto funds spread across the globe according to Rohnert Park, California-based Crypto Fund Research.
While 55% of the crypto funds launched so far are hedge funds, 42% are crypto venture capital funds and 3% are private equity funds which have come on stream with the maturation of some blockchain firms.
“If 2017 was ‘the year of Bitcoin’, 2018 is shaping up to be the year of the crypto fund,” wrote Crypto Fund Research in a statement.
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