Number of crypto hedge funds doubles in 4 months, says Autonomous NEXT data

Interest in cryptocurrency has spiked.—  Reuters picInterest in cryptocurrency has spiked.— Reuters picLONDON, Feb 15 — Hedge funds focused on trading cryptocurrencies more than doubled in the four months to Feb. 15, hitting a record high of 226, showed new data from fintech research house Autonomous NEXT today.

The firm had recorded just 110 global hedge funds with a similar strategy as of Oct. 18, up from 55 funds at Aug. 29 and just 37 at the start of 2017.

Assets under management hit between US$3.5 (RM13.67 billion) and US$5 billion, according to the firm. — Reuters