THELOGICALINDIAN - The cryptocurrency barrier armamentarium industry has decidedly broadcast in contempo years The brief acceleration in the amount of bitcoin has caked the success of abounding of these barrier funds with letters suggesting that cryptocurrency barrier funds are outperforming their boilerplate counterparts
Also Read: Cryptocurrency Hedge Fund Polychain Raises $10 Million
Cryptocurrency Hedge Funds Have Outperformed the Average Global Hedge Fund
The cryptocurrency abridgement has become more anchored in the acceptable banking markets, including the actualization of several cryptocurrency barrier funds in contempo years.
Eurekahedge was one of the aboriginal companies to action cryptocurrency-based barrier funds, ablution its Crypto-Currency Fund Index in 2013. Despite the cryptocurrency buck bazaar of 2014 and the immense animation aural the cryptocurrency markets, Eurekahedge has managed to accomplish with an boilerplate anniversary acknowledgment of 123.25%. Eurekahedge’s Crypto-Currency Fund Index advance the achievement of several altered actively managed cryptocurrency barrier funds that are predominantly invested in bitcoin and ethereum, in accession to several added arresting cryptocurrency projects.
Eurekahedge has afresh stated that “cryptocurrency barrier funds accept outperformed the boilerplate all-around barrier fund, acceptable FX barrier armamentarium strategies, the MSCI ACWI and the S&P GS Precious Metals Index over all periods.”
Pantera Capital was founded in 2013, and claims to accept been the aboriginal U.S. bitcoin advance firm. The aggregation emerged out of Pantera Capital Management LP, a San Francisco-based advance close that was founded in 2003. Pantera boasts a portfolio that includes abounding of the best acknowledged companies in the cryptocurrency economy, including blockchain-based remittance provider Abra, above bitcoin barter Bitstamp, bitcoin acquittal aperture Circle, and above altcoins Ripple and Zcash – both of which accept apparent affecting amount rises this year.
With Bitcoin’s Price Continuing to Rise, We Can Likely Expect Further Proliferation of Cryptocurrency Hedge Funds in Coming Years
Another high-profile aspirant in the cryptocurrency barrier armamentarium bazaar is Polychain Capital, which was founded aftermost year by Olaf Carlson-Wee, a above agent of Coinbase. In September 2016 Polychain Basic generated media absorption afterward its acknowledged $10 actor USD funding attack conducted with adventure basic firms Andreessen Horowitz and Union Square Ventures.
Polychain basic holds actively managed portfolios of blockchain assets. Carlson-Wee discussed Polychain’s portfolio with Forbes, advertence that “There will be abounding types of assets codification into the blockchain, and they are all not aloof activity to be on the Bitcoin blockchain – it’s activity to be a cardinal of altered assets here. And the best way to advance in that is with a adapted portfolio.” Since launching, there has been a aerial appeal for Polychain Capital’s agenda assets.
Despite the aerial achievement of the cryptocurrency barrier funds, some cryptocurrency adopters accept argued that the accretion attendance of above advance firms aural the basic bill amplitude undermines the decentralization of the bitcoin markets.
With bitcoin’s amount continuing to rise, we can acceptable apprehend added admeasurement of cryptocurrency barrier armamentarium in advancing years.
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