In The News - Financial News - Hedge funds pile into crypto trading as volatility surge lures new players
Huge returns from the recent surge in volatility have lured hedge funds to pile into crypto. By Tom Teodorczuk
It's been a rollercoaster few years for crypto investors. Yet hedge funds see the return of riskier, rockier markets as a prime opportunity to pile in.
Even before yesterday's Bitcoin “halving”, an event designed to keep inflation of the 11-year old cryptocurrency in check, hedge fund managers had begun taking cryptocurrencies more seriously… Some have proved cryptocurrency trading can be a winning strategy. Altana Digital Currency fund, the London-based crypto arm of Australian hedge fund manager Lee Robinson's Altana Investments, was up 1,500% in 2017 and is up 14% in 2020.
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