The total assets under management (AUM) of cryptocurrency hedge funds doubled last year, according to a new report. The report, published by PwC and Elwood Asset Management Services on Monday, shows that the total AUM of crypto hedge funds globally increased to over $2 billion in 2019 as compared to $1 billion in the previous year. Notably, 2019 saw bitcoin’s price jump over 90% as compared to 2018. The percentage of crypto hedge funds with an AUM of over $20 million increased in 2019 from 19% to 35%. The average AUM increased from $21.9 million to $44 million, while the median AUM increased from $4.3 million to $8.2 ... (full story)

In this report we provide an overview of the global crypto hedge fund landscape and offer insights into both quantitative elements (such as liquidity terms, trading of cryptocurrencies and performance) and qualitative aspects, such as best practice with respect to custody and governance. By sharing these insights with the broader crypto industry, our goal is to encourage the adoption of sound practices by market participants as the ecosystem matures. The data contained in this report comes from research that was conducted in Q1 2020 across the largest global crypto hedge funds by assets under management (AuM). This ... (full story)