Crypto hedge funds continue to expand their business globally despite BTCUSD depreciation since the start of the year!

  • by Amir El Araby
  • September 18, 2018, 2:4 AM
 273       49      

Cryptocurrency bears grabbed the control over the market once again, but crypto hedge funds are unabashed and continue to expand their business globally.

Thus, Bloomberg reports that BlockTower Capital opened a second office. This fund was co-founded a year ago by former Goldman Sachs investment manager Matthew Goetz.

Since the beginning of the year, crypto hedge funds have lost 52% of their value as compared to Bitcoins 54% loss, but the damage seems to not great enough to discourage the investment managers.

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