Wed, Sep 22, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Record year for crypto fund launches: 239 new crypto funds were launched in 2018

Thursday, January 24, 2019

Laxman Pai, Opalesque Asia:

2018 was a record year for crypto fund launches. But, interestingly, it was also a record year for fund closures as prices for cryptocurrencies plummeted 80% or more from their record highs, said a research report.

A surprising new report from Crypto Fund Research reveals that 239 new crypto funds were launched in 2018 - a slight increase over the 224 in 2017.

Meanwhile, the number of fund closures was up dramatically to 42. Several of these were formed only months earlier. With prices skyrocketing more than 1,000%, crypto fund closures were negligible in 2017.

"There are now 741 crypto funds worldwide," pointed out the report.

Josh Gnaizda, CEO of Crypto Fund Research said: "The record number of new launches this year doesn't accurately reflect the current reality."

"Nearly half of all crypto funds launched this year were launched in Q1 2018 when euphoria over prices was still peaking. Since that time, we've seen not only fewer launches, but also an increasing number of funds being dissolved. We expect this trend to continue in the short-term," Josh added.

According to the research, January alone accounted for almost one quarter of all crypto funds launched in 2018. 64 funds were launched that month compared with only 10 in December.

Number of new crypto funds (2019): 239; Number of new crypto funds (2018): 224; Number of new crypto hedge funds (2019): 114; Number of new crypto ventu......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SPACs: The fall of the SPAC market has digital media companies in disagreement about best path forward, Cannae Holdings: SPAC bloodbath provides a good entry point, British car startup Cazoo raises $1bn from SPAC merger, Europe's incoming SPAC boom will create a demand for talent[more]

    The fall of the SPAC market has digital media companies in disagreement about best path forward From CNBC: The digital media industry has reached a strategic crossroads. Earlier this year, special purpose acquisition vehicles (SPACs) appeared to be the long-awaited savior of digital me

  2. Property: Real estate's new moneymaker is not design-driven, it's alternative, Two Sigma building quant tools to hunt real estate bargains[more]

    Real estate's new moneymaker is not design-driven, it's alternative From Forbes: There has been a recent shift of attention in the real estate market as to the types of investments which make the strongest returns. In the past, it's always been a combination of good design, prim

  3. PE/VC: Private equity GPs, LPs alike working on diversity and inclusion, Chinese regulator vows to crack down on private equity, venture capital funds, The VC playbook for portfolio companies: learning from the Covid-19 crisis[more]

    Private equity GPs, LPs alike working on diversity and inclusion From PIonline.com: Private equity general partners and limited partners are doing more to increase diversity in private markets, according to a report released Tuesday by the Institutional Limited Partners Association.

  4. PE/VC: Private equity continues to lead fund closings, Venture capital firms are fighting to throw money at cleantech[more]

    Private equity continues to lead fund closings From PIonline.com: Among private fund closings, private equity funds have led the pack starting in 2011, based on data collected by Pensions & Investments. During those years, private equity's share has ranged from 56% to 72% of the total

  5. PE/VC: Climate tech is hot, but VCs can't forget about water, Five top trusts to tap into the private equity boom[more]

    Climate tech is hot, but VCs can't forget about water From Crunch Base: "It is unequivocal that human influence has warmed the atmosphere, oceans, and land." These fiery words come from the latest landmark U.N. report detailing intensifying, universal climate change impacts. They cover