Digital asset space developing an institutional image

The estimated size of the global cryptocurrency market stands at USD293 billion, according to Cointelegraph. Within this arena, PwC estimates that there are around 150 active crypto hedge funds, managing approximately USD1 billion in aggregate AUM. 


Fund sizes remain modest, with the average crypto hedge fund running USD21.9 million (as of Q1 2019), according to the PwC report, although given that this figure is skewed by a selection of funds managing USD50 million-plus, PwC estimates the median fund AUM to be more like USD4.3 million. 


The full article was published on Hedgeweek


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