Cryptocurrency hedge funds dropped 29.2% in March, according to the Cryptocurrency Traders Index, the 3iq monthly loss for the index launched by Barclay Hedge at the beginning of the year. While there was a boom in the creation of crypto-focused hedge funds last year, many are struggling in the current market, with at least nine having closed this year and the index down by 43.1% since 1 January. The index tracks 19 funds that trade in digital assets. Barclay Hedge also maintains a range of hedge fund indices in North America and Europe.
Cryptocurrency hedge funds dropped 29.2% in March, according to the Cryptocurrency Traders Index, the third monthly loss for the index launched by Barclay Hedge at the beginning of the year. While there was a boom in the creation of crypto-focused hedge funds last year, many are struggling in the current market, with at least nine having closed this year and the index down by 43.1% since 1 January. The index tracks 19 funds that trade in digital assets. Barclay Hedge also maintains a range of hedge fund indices in North America and Europe.