Autonomous Next Report Shows Crypto Industry Has Over 300 Separate Funds

    The recent twists and turns of the cryptocurrency industry have put a major damper on the profits that multiple hedge funds planned for in this time of the year. However, it seems that the creators of new crypto platforms have not been discouraged at all. In fact, the amount of crypto funds and their asset sizes have passed 300 this year alone. As of the beginning of the month, the official number of funds was 312.

    At the beginning of the year, the industry only hosted 251 operational funds, which makes these new funds a boost of 24%. To put things in perspective, there were a measly 56 funds just two years ago. Most of the new platforms opened within the second quarter this year, though 20 new firms were added in the first quarter. Unfortunately, during this time of year, there were still nine cryptocurrencies that had to step down.

    In the research performed for CCN, it seems that the new developments of crypto platforms are directly related to the value of Bitcoin. Even with the downfall of many prices, there still has been a little glimmer of hope found in initial coin offerings (ICOs).

    With all of the 312 crypto funds together, the industry is handling approximately $7.5 billion to $10 billion in assets. However, the majority of this profit has come from the bigger players in the community, like Bitcoin and Ethereum. In fact, the top 10 performers account for 43% of the current investment capital. This is probably due to the expansive resources and capital that they have at their disposal to continue new ventures. The report warns companies with less than $25 million in assets will struggle more to get where they want to go.

    One other factor to consider is the connection between the increase in funds and the various investment strategies of the first. With this array of options, investors may be able to take the connection as a sign that the industry is finally getting in the right groove.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    PAX Stablecoin Issuer Paxos Settles First US Equity Trade Using Blockchain

    The first blockchain-based settlement of US equities was claimed by Paxos, the New York-regulated cryptocurrency startup, Instinet, the broker dealer owned by Nomura, and...

    Ripple (XRP) Price Analysis (February 20)

    Key Highlights XRP's price strength has once again overpowered by the US dollar market worth. A fiercely breakthrough of a $0.30 mark will portend...

    Sweden's Riksbank Launches Its Central Bank Digital Currency (e-Krona) Testing

    Sweden is getting closer and closer to issuing its own central bank digital currency (CBDC), as it already started testing the e-krona. The pilot program...

    Australia’s National Stock Exchange Is Building A DLT-Based Real-Time Trading Platform

    Both companies listed publicly, NSX Ltd., which is the owner of the National Stock Exchange of Australia, and the financial institution known as iSignthis...

    Brazil Central Bank To Roll Out PIX, A Non-Crypto, QR-Based ‘Near Instant' Payment System

    Brazil’s Central Bank is set to launch a new payment system which it claims will offer near instant fund transfers. The new payment system...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.