Bitcoin hedge funds are com­ing

Banking Frontiers - - News / Blockchain -

With bitcoin be­com­ing the lat­est craze, hedge funds are reck­on­ing to test the mar­ket. Sev­eral dozens of cryp­tocur­rency-fo­cused hedge funds are about to start op­er­a­tions. The mar­ket for digital cur­ren­cies has gone with over 800 coins in the mar­ket with a com­bined mar­ket cap of $166 bil­lion. A fin­tech an­a­lyt­ics firm, Au­tonomos NEXT, has re­cently re­leased a list of 55 cryp­tocur­rency hedge funds. Many of the firms have cryp­tothemed names such as Ether Cap­i­tal, Medici Cap­i­tal and 1con­fir­ma­tion. In ad­di­tion to hedge funds get­ting into the mar­ket, there have also been ‘ini­tial coin of­fer­ings’, a fundrais­ing method based on blockchain tech­nol­ogy. It is re­ported that over $1.8 bil­lion has been raised via the ICOs since the be­gin­ning of 2017.

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