If the newest development continues, it appears to be like like cryptocurrency targeted hedge funds may very well be on the way in which out.

In accordance with specialist researchers, Crypto Fund Analysis, greater than 70 hedge funds specializing in investments into digital asset tasks have closed this yr, Bloomberg reports.

Nearly all of the closures recognized got here from North America and Europe, with 28 and 23 respectively.

This development runs opposite to latest research from Fidelity Investments that urged institutional investments in cryptocurrency had been prone to enhance over the approaching 5 years.

Traders are reportedly nervous about venturing too deep into the cryptocurrency market due to its volatility and lack of regulation.

As governments look to clamp down on digital asset tasks from tech giants like Fb, the way forward for cryptocurrencies — from an institutional perspective at the least — appears to be like more and more unsure.

Printed December 5, 2019 — 08:57 UTC

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