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It’s Official: There Are Now 300+ Cryptocurrency Funds Worldwide



The recent decline of the Bitcoin price scratched the surface to a lot of possibilities in the world of Bitcoin and put a large dent in profit projections for hedge funds oriented in crypto assets. However, the good thing is that funds like these are always on the increase – and there are now more than 300 of them – which is a record number worldwide.

One source confirmed this. According to the research conducted by Autonomous Next, the number of cryptocurrency funds went over 300 in 2018 – and there are now 312 up and running cryptocurrency funds which marks another milestone completed this month.

In other words, the number of crypto-related funds increased by 24% from the previous year, coming from a number of 251 funds which were operational then. Additionally, the 312 crypto funds present nowadays represent a 457% surge from the 56 existing in 2017.

According to the source, the majority of these crypto funds opened in the second quarter of the year. The researchers also found that the number of these funds is in a strong relation with Bitcoin’s appreciation. However, the main reason why the new funds have been opening like crazy over the second part of this year is their activity surrounding initial coin offerings (ICOs).

What’s important to note is the fact that these cryptocurrency funds collectively manage between $7.5 billion and $10 billion in assets nowadays – even though most of this capital surrounds the largest funds.

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‘’VR and crypto go from bad to worse. AI fails to live up to the hype. 3D printing rises from the ashes. Smart cameras become a hot category.’’
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 “So many of the very best computer scientists and deep learning Ph.D. students and postdocs are working on blockchain because they have so much fundamental interest in what blockchain can mean. You don’t want to bet against the best and brightest in the world.’’
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‘’Some thoughts. The first wick below the range low led to a tap of the range high. The second one (this current one) has failed to reach that high as of now. Sign of weakness in my opinion.’’
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 “As the volume continues to slowly descend Bitcoin could see more sideways ranging This could last for days or weeks until a decrease in buyers, currently holding up the market, at these levels. Nice support below $3,000 with lots of buyers waiting there.’’
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“Clean break of support. If we do retest $3,700 on the weekend and don’t manage to close above there I’m expecting $3,350. I’ll most likely close my hedge short there. This is the reason why you shouldn’t trust mismatched patterns – it’s an easy way to get rekt,”
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