Cryptocurrencies
Crypto Hedge Funds Underperformed Bitcoin During Rally Last Year
- Average returns were 166%, while Bitcoin quadrupled in 2020
- One fund returned more than 700%, Crypto Fund Research says
This article is for subscribers only.
Actively managed cryptocurrency hedge-funds underperformed Bitcoin during the largest digital asset’s bull run last year, according to Crypto Fund Research.
The funds’ average rate of return was 166%, compared with a more than 300% increase in Bitcoin. During 2017’s surge, gains were about 1,100% as the dominant token burst into the mainstream consciousness with a 1,375% increase, according to the researcher. The data tracker didn’t release the names of the top performing funds.