Samuel Haig: Cryptocurrency Hedge Funds Rebound By Over 45% in April

rebound over n-markets-and-prices markets-and-prices hedge-fund-research hedge funds eurekahedge cryptocurrency blocktower april 45

Cryptocurrency Hedge Funds Rebound By Over 45% in April

The bullish market performance experienced across the cryptocurrency markets last month also manifested significant gains for many cryptocurrency hedge funds, with multiple cryptocurrency hedge fund indexes estimating a more than 45% increase in the value of leading funds.

Also Read: 5 Years Ago You Should Have Bought Bitcoin, Not Altcoins

Cryptocurrency Recovery Rally Drives Impressive Performance Among Crypto Funds

Cryptocurrency Hedge Funds Rebound By Over 45% in AprilWith most cryptocurrencies producing significant gains during April, cryptocurrency hedge funds also generated bullish performance last month.

The Eurekahedge Crypto-Currency Hedge Fund Index estimates the gains made by crypto funds to have been 45.43% during April. According to Eurekahedge’s historical data, April 2018 was the sixth strongest performing month ever for virtual currency funds, and the fourth highest performing month of the last four years. The preceding months to outperform April were December 2017 (+79.51%), August 2017 (+58.42%), May 2017 (81.09%), November 2013 (+405.30%), and October 2013 (+47.64)%.

Despite April’s impressive performance, Eurekahedge estimates 2018’s year to date (YTD) performance to be -21.87% so far. Eurekahedge states that its data for April 2018 is “Based on 71.43% of funds which have reported April 2018 returns as at 15 May 2018.“

Indexes Estimate Crypto Funds to Have Gained by Over 45% Last Month

Cryptocurrency Hedge Funds Rebound By Over 45% in AprilMarket analysis firm, Hedge Fund Research Inc. (HFR), estimates crypto funds to have produced gains of 47.1% during April – as per the company’s HFR Blockchain Index. “HFRI estimates that April’s performance has reduc[ed] the YTD decline to -19.3 percent.”

Whilst HFRI’s reporting indicates that hedge funds offering exposure to a wide array of industries also produced gains last month, snapping a two-month downtrend experienced across numerous fund indices, the percentage gains posted for April by the HFR Blockchain Index far exceed those witnessed by other HFR fund indexes.

Finance Veterans Migrate to Crypto Hedge Funds

Cryptocurrency Hedge Funds Rebound By Over 45% in AprilAs some of the lines between the virtual currency and the mainstream financial markets increasingly blur, cryptocurrency hedge funds appear to be attracting numerous Wall Street veterans – with recent reports revealing that Blocktower Capital has hired a number of former Goldman Sachs employees in recent months.

Blocktower Capital, which was co-founded by Matthew Goetz, a former Goldman Sachs vice president, and Ari Paul, formerly of Susquehanna, has recently hired Steve Lee – a former portfolio manager at Goldman. Lee’s hiring comes shortly after the company also welcomed former Godman vice presidents Elizabeth Ralston in February, and Michael Bucella in January.

Earlier today, Adam White, the vice president and general manager of Coinbase, indicated that the exchange is also shifting its focusing heavier on targeting institutional investors during an interview with CNBC. Mr. White said, “We think this can unlock $10 billion of institutional investor money sitting on the sideline. We’re seeing a rapid increase in attention awareness and adoption in the cryptocurrency market,” adding that Coinbase is “absolutely here to serve institutions.”

Do you think that 2018 will produce YTD losses or gains for cryptocurrency hedge funds? Share your thoughts in the comments section below!

Images courtesy of Shutterstock

Need to calculate your bitcoin holdings? Check our tools section.

The post Cryptocurrency Hedge Funds Rebound By Over 45% in April appeared first on Bitcoin News.

Original article was created by: Samuel Haig at

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.

One more thing you may be interested in:

Interested in Cryptocurrencies and ICO's?

Follow our telegram channel for daily cryptomarket reports!

Join @cointrends

Stay on top of Altcoins and ICO trends.

Subscribe to our free Weekly Cryptomarket report

Delivered once a week, strongly to your inbox.

Subscribe to our mailing list
May 23, 2018

Bitcoin Owning Contractors With U.S. Security Clearance May be Flagged ‘Risky’

According to multiple reports, the Pentagon and the Defense Department are debating on whether or not cryptocurrency ownership is a problem for those who have U.S. security clearances and those applying for these privileges. The U.S. agencies may define digital currency owners as a ‘security...

From: Jamie Redman
May 22, 2018

CFTC Publishes Advisory On Listing Cryptocurrency Derivatives

The United States Commodity Futures Trading Commission (CFTC) has issued an advisory for exchanges and clearinghouses providing guidance pertaining to the assessment and listing of cryptocurrency derivatives. Also Read: Bitcoin in Brief Tuesday: Crypto Revolution Starts Reshaping Global...

From: Samuel Haig

CNBC Shows Bitcoin Cash (BCH) Love, Predicts Mooning

CNBC’s Fast Money hosts and panel were on the defensive during a recent broadcast, as some viewers accused the network of shilling for bitcoin cash (BCH). And, truth be told, CNBC has been showing the decentralized cryptocurrency an inordinate amount of love lately. A segment by a popular...

From: C. Edward Kelso

70+ Investigations: 40 Regulators Crack Down on Suspicious Crypto Schemes

Forty regulators in the US and Canada are reportedly collaborating in the largest coordinated crackdown on cryptocurrency scams to date by state and provincial officials. The operation has triggered over 70 investigations so far, with 35 cases completed or pending. Also read: Yahoo! Japan...

From: Kevin Helms

Crypto Scams Comprise 0.6% of Fraud – Australian Consumer Watchdog

The Australian Competition & Consumer Commission (ACCC) has released a report on trends within the scam economy during 2017. The report identifies cryptocurrency related fraud to comprise less than 1% of the scam activity recorded in Australia last year. Also Read: Ross Ulbricht Continues...

From: Samuel Haig

Moon Missions and Custom Wallets: Bitcoin Community Celebrates Pizza Day

On May 22, the bitcoin community celebrated the second most important date in its calendar. No other date, save for January 3, 2009 when Satoshi mined the genesis block, is more symbolic. It was on May 22, 2010 that Laszlo Hanyecz purchased two pizzas for 10,000 BTC. Eight years on, the occasion...

From: Kai Sedgwick
Upcoming ICO's
This week overview
Token Name Starts
Yumerium (YUM) logo Yumerium (YUM) 1 days
Acorn Collective (OAK) logo Acorn Collective (OAK) 3 days
Tradelize (TDZ) logo Tradelize (TDZ) 6 days
Scanetchain Token (SWC) logo Scanetchain Token (SWC) 6 days
Kepler (KEP) logo Kepler (KEP) 6 days
Cryptocurrency rates
*Last hour average price&change
Coin Name Price Hour
Bitcoin logo BTC $8015.33 -0.32%
Ethereum logo ETH $645.293 -0.46%
Ripple logo XRP $0.64306 -0.64%
Bitcoin Cash logo BCH $1141.22 -0.25%
EOS logo EOS $12.2787 -0.49%
Litecoin logo LTC $128.348 -0.39%
Cardano logo ADA $0.220837 -1.89%
Stellar logo XLM $0.299053 -0.83%
Tronix logo TRX $0.0746523 -0.74%
IOTA logo IOT $1.62172 -0.99%
NEO logo NEO $57.2254 -0.56%
DigitalCash logo DASH $358.953 -0.41%