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On December 28, according to Bloomberg, as of mid-December, Pantera Capital's liquid token fund, which had declined by 80% in 2022, has risen nearly 80% this year. Meanwhile, Chainview Capital, after a 18% decrease in fund size last year, has now doubled. Naveen Choudary, the founder of Stoka Global LP, which primarily invests in altcoin assets, stated that as of November 30, the value of the tokens in their portfolio has risen by 268%.
According to Bloomberg indices, as of December 20, the average return for cryptocurrency hedge funds this year is 44%, rebounding from a 52% loss in 2022. However, this performance lags behind passive cryptocurrency funds, with CoinShares data as of mid-December indicating an average return of around 265% for passive crypto funds over the past year.
According to data from Galaxy Digital VisionTrack, out of 712 cryptocurrency hedge fund companies they tracked, approximately 250 closed in the past year and a half. For hedge funds that performed poorly in 2022, there was a significant increase in redemption requests in the first half of 2023, with a shift occurring in the second half of the year (coinciding with the emergence of Bitcoin spot ETF applications). |
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