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 decline is due largely to an increase in volatility as investors have become more concerned about cryptocurrencies’ ability to withstand price swings that could lead to their collapse. 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.