Reported about 10 hours ago
In a successful year for cryptocurrencies, many crypto hedge funds reported strong double-digit returns; however, they failed to outperform Bitcoin, which surged 120% to over $100,000. While some funds utilized innovative strategies and avoided investing in Bitcoin, the majority who did saw significant gains. The year saw volatility and substantial performance discrepancies among funds, particularly in the final quarter driven by changes in U.S. political support for cryptocurrencies and the introduction of Bitcoin exchange-traded funds, which fueled market optimism.
Source: YAHOO