Cryptocurrency Hedge Fund Profits Plunge Amid Market Volatility

According to the Financial Times, cryptocurrency hedge funds are down by 35 percent so far in 2018. This decline is in stark contrast to 2017 when revenues grew by 2,700 percent. Such was the success of the market that a total of 167 firms were established in 2017 alone.

Informative story, I thought they'd be on the short side more and results wouldn't be that bad. I'd imagine some of these funds will start to close down if things don't improve soon....

Read the full story here...
http://bitcoinist.com/cryptocurrency-hedge-fund-profits-plunge-amid-market-volatility/