And year to the current date, it is being declined 43.1% after three subsequent monthly losses. The researchers suppose that the new tool is an equal-weighted index of the monthly proceeds of a representative universe of 19 component funds that trade bitcoin and other cryptocurrencies, beginning Jan 1st 2018.
Estimated perfomance calculated with reported data from crypto funds for January-March of 2018
Barclay Hedge, established in 1985 and previously known as The Barclay Group, works for institutional investors around the world in the sphere of hedge fund and managed futures performance measurement and portfolio management. It supports 148 hedge fund indices for financial institutions in North America and Europe in its role as an independent index calculation agent.
The ability to trade Bitcoin futures on exchanges such as CME and Cboe, which are respected worldwide, provides a much-needed level of transparency, investor safety, and credibility to the price–discovery process and creates a level of institutional legitimacy that is crucial for growth in this sector. Within days of the launch of Bitcoin futures, Bitcoin rose to its all-time high of just under $20,000 on December 18 last year. Today’s prices are just over $8,000. Folks have their opinions, but no one really knows if it’s a bubble or a corre.
Sol Waksman, president, founder, Barclay Hedge
The massive 2017 price revival saw an outbreak in the number of crypto hedge funds, with a whopping 167 planned to have launched during the year. Nevertheless, many are trying to survive the present market with at least nine crypto hedge funds having stopped operations.