It has not been a good year for cryptocurrency funds, depending on how one interprets the new reports coming out.

From a longevity point of view, the current statistics are borderline alarming.

Several dozen crypto funds have shut down throughout 2019, primarily due to very little price action across the different markets.

Those figures also indicate institutional investors aren’t as keen on cryptocurrency as initially believed.

This is also apparent when looking at all of the Bitcoin price futures action, which generate very little daily or weekly volume.

The good news is how several new cryptocurrency funds have launched this year as well.

When one entrant shuts down, an opportunity is created for other companies to take its place. 

As the cryptocurrency markets have shown some signs of life in the second half of 2019, it isn’t too surprising to learn this development has taken place.

One also has to look well beyond the numbers on the surface to interpret this report.

It is evident that most cryptocurrency funds are still small in size, which is not necessarily a bad thing either.

Those cryptocurrency funds that remain operational despite the harsh conditions note an increase in overall assets managed.

One would expect the opposite effect throughout 2018 and early 2019, but these trends are not as cut-and-dried as some may think.

Overall, the crypto space is in a very good place, but there is still work to be done prior to achieving mainstream adoption.

Image(s): Shutterstock.com

The post Cryptocurrency Funds are Still in an Awkward State in 2019 appeared first on NullTX.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

187 +