As the “to the moon” refrains quiet down, crypto is seeing increased demand from hedge funds in a trading strategy that does not take directional views on the market. There’s no question that 2022 has been a tough year for crypto: Bitcoin’s down 50%, and digital assets have shed more than $1 trillion as central banks around the world tighten monetary policy to combat inflation. But funds like Miami-based BlockTower Capital and Nickel Digital Asset Management, which utilize so-called market-neutral strategies, said they are still notching positive returns. BlockTower Capital’s market-neutral fund, which manages more ... (full story)