Image Image Image Image Image Image Image Image Image Image Image Image

| August 18, 2018

Scroll to top

Top

Despite Archives -

TMZ

Kris Jenner Says She Loves Kanye Despite Him Wanting to Smash Kim’s Sisters

August 16, 2018 |

Kris Jenner still loves Kanye West … even if he does fantasize about getting with her daughters, despite being married to Kim. We got Kris and her mom leaving Nate’n Al deli in Beverly Hills Wednesday, and asked if she has any thoughts on…

TMZ.com

Study: Crypto Funds Number 466 Despite Trends, Uncertainty

August 12, 2018 |

Study: Crypto Funds Number 446 Despite Trends, Uncertainty

The number of crypto hedge and venture capital funds is increasing at a fast pace this year, already reaching a total of 466, despite the bearish market trend and continuing regulatory uncertainty. 96 new funds have been founded by the end of July, according to a new study whose authors believe this year’s number will exceed the record 156 launched in 2017.

Also read: BTC via SMS Patented, Brave BAT Tips for Tweets and Posts

96 New Crypto Funds Founded In 2018

In a year of falling prices across the board, stubborn bearish market trend and persistent regulatory uncertainty, one would think this might not be the best time to deep dive into crypto. Some, however, see opportunities. Recently released data shows that 96 new crypto hedge and venture capital funds have been founded through July 31, this year.

Study: Crypto Funds Number 446 Despite Trends, Uncertainty

According to a study conducted by Crypto Fund Research, a provider of market intelligence on cryptocurrency investment funds, 2018 is in fact on the way to surpass 2017, “The Year of Bitcoin,” when it comes to the number of crypto fund launches. If the current pace of opening new crypto investment funds is maintained, their number is projected to reach 165 by the end of the year, compared to 156 launched last year.

The cities that have hosted the biggest number of new crypto funds are San Francisco – 9, New York – 6, Singapore – 5, and London – 4. Cities like Austin, Dallas, Hong Kong, Philadelphia, San Diego, Tokyo, and Zug, where the Swiss Crypto Valley is based, have also seen multiple fund launches this year.

Study: Crypto Funds Number 446 Despite Trends, Uncertainty

More than half of all crypto funds currently in existence have been established in the last 18 months, according to another finding in the report. Their total number around the world has reached 466, Crypto Fund Research claims. Quoted in a press release, the company’s founder Josh Gnaizda commented:

We expected a large number of new crypto funds to launch in 2018 to satisfy growing investor demand. However, the pace of new fund launches is a bit surprising given the dual headwinds of depressed prices and less than favorable regulatory conditions in many regions.

Is There Enough Space for All of Them?

The authors of the study note that if 2017 was “The Year of Bitcoin,” 2018 is shaping up to become “The Year of the Crypto Fund.” They also point out that while investors await decisions from regulators regarding new investment vehicles such as the Vaneck Solidx bitcoin ETF, crypto fund managers are setting up new funds in hope to take advantage of what they perceive as unmet demand for crypto investments.

Study: Crypto Funds Number 446 Despite Trends, UncertaintyIn further comments, Mr. Gnaizda expresses doubts about the capacity of the crypto space, under the current circumstances, to accommodate so many funds: “While volatility in the crypto markets can attract some investors to sophisticated crypto funds, it remains unclear if the industry can support such a large number of funds, with limited track record, if we experience an extended bear market,” he said quoted by PRweb.

Despite the impressive growth in the number of crypto funds, the capital they control remains limited – about $ 7.1 billion USD, and the researchers stress this is far less than what many of the top traditional hedge funds manage. At the same time, the majority of institutional investors are still waiting on the sidelines and many crypto fund managers hope this will change in the near future.

Do you think the growing number of crypto funds indicates optimistic expectations about the future of the crypto industry? Share your thoughts on the subject in the comments section below.


Images courtesy of Shutterstock, Crypto Fund Research.


Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post Study: Crypto Funds Number 466 Despite Trends, Uncertainty appeared first on Bitcoin News.

Bitcoin News

Viacom shares rise despite earnings declines magnified by cable-TV cord-cutting

August 10, 2018 |

Viacom Inc. touted its turnaround story Thursday but delivered fiscal third-quarter earnings that exposed the challenges of consumer cord-cutting — and just how much work the company must do to right the ship.

For the quarter ended June 30, revenue declined nearly 4% to $ 3.2 billion for the media…


L.A. Times – Business

Thousands of North Korean Workers Enter Russia Despite U.N. Ban

August 3, 2018 |

Russia is letting thousands of new North Korean laborers enter and issuing fresh work permits—actions U.S. officials say potentially violate sanctions aimed at cutting cash flows to Pyongyang.
WSJ.com: What’s News Asia

Stocks See Mixed Results Despite Apple Surge

August 1, 2018 |

Stock indexes closed broadly lower on Wall Street even as a surge in Apple’s stock moved the company closer to being worth $ 1 trillion, the AP reports. Apple jumped 5.9% Wednesday, its biggest gain in a year and a half, after saying made more money from iPhone sales thanks…
Newser

TMZ

Corey Lewandowski Shopping for TV Deals Despite ‘Womp Womp’ Controversy

July 30, 2018 |

Corey Lewandowski has his sights set on Hollywood … he just needs to channel his inner Prez to blow past some negative pub and make it happen. Sources close to Donald Trump’s former campaign manager tell TMZ … he’s been shopping ideas for…

TMZ.com

TMZ

Donald Trump’s Walk of Fame Star Won’t Be Removed Despite Violence

July 29, 2018 |

Donald Trump’s Walk of Fame star has been a lightning rod for violence, but it’s going to weather the storm and stay put because cops and the group that manages the Walk of Fame don’t want it 86’d. Law enforcement sources tell TMZ … the LAPD has…

TMZ.com

Honeywell Increases Sales Guidance Despite Posting Lower Profit

July 20, 2018 |

Honeywell raised its financial guidance for the year as sales rose in its latest quarter, even as profit fell.
WSJ.com: US Business

Trump Threatens Auto Tariffs Despite Widespread Opposition

July 19, 2018 |

President Donald Trump stood by his threats to levy sweeping tariffs on automobile imports as a way to extract concessions from trading partners, despite industry opposition and discontent in Congress with the plan.
WSJ.com: What’s News Asia

Texas Executes Man Despite Request of Victim’s Children

July 18, 2018 |

The children of San Antonio convenience store owner Hasmukh “Hash” Patel did not want Christopher Young to be executed for his murder—but Texas executed him Tuesday night anyway. Young, 34, received a lethal injection after lawyers failed to win a last-minute reprieve from Gov. Greg Abbott, the San Antonio…
Newser