Source: https://cointelegraph.com/news/now-more-than-120-cryptocurrency-hedge-funds
It comes as no surprise as the number of crypto focused hedge funds has grown from 70 to 120 over the last six months.
The hedge funds manage $billions of dollars and are “tasked with diversification”. Btocoin and cyrpto’s certainly can provide that diversification and return for these managers. Success will continue to grow this group of investors over time and with increased money flow — one would think a greater price.
In this way an “affiliated investor” (high net worth) get’s Exposure to cyrpto’s and may not know a Bitcoin from a sack of potatoes, but they get a total return and this is what they seek.
Actually $2.3 billion in hedge fund managers is a small amount compared to the size of assets under hedge fund managers.
This is a great sign.