Currency exchange
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The cryptocurrency hedge fund gained about 24% in August while rising high prices on digital prices helped them deal with sleep market traders and financial markets.
A strong trend in earnings means that currencies controlled by bitcoin and other digital assets have returned 145% this year, according to Eurekahedge.
Crypto remains small in the hedge fund industry, with many focusing on bonds, commodities and other fixed assets. But the return to existing digital assets is looking at money that seeks opportunities that are often missed elsewhere.
“Crypto has two factors that make operations more efficient for hedge funds that are affected by this: instability and inefficiency,” said Francesco Filia, CEO of Fasanara Capital, a hedge fund with more than 1.5bn assets, among others. which is paid for in cash.
“The combination of the two makes cultural groups more efficient.”
June set the only return on crypto currency this year when it lost 10%. It gained about 7% in May even though the price of bitcoin dropped from a record high. This good year follows digital experts returning more than 200% by 2020.
Strong revenues differ from 0.59% returned in August with hedge funds based on financial transactions and 0.8% provided with sales revenue, according to Eurekahedge.
Since the beginning of the year, the price of bitcoin, the most widely used, has changed dramatically. It started trading in 2021 about $ 29,000 before it even released several. In May bitcoin traded more than $ 63,000 before falling to $ 30,000. The digital currency here sells for $ 46,017.
These changes have given traders more opportunities to bet. In contrast, stock markets and currencies have been quiet because low interest rates in major countries have blocked high prices.
The digital transition has attracted a large number of major cryptocurrencies, which have been trying to participate in crypto markets. Monday Brevan Howard, one of the world’s largest offices, He said It can set up a digital business to explore access to cryptocurrensets.
“Two years ago, the biggest hedge funds never had crypto because they were worried about what their existing counterparts were doing. Now the same hedge funds are worried that if they don’t research crypto, they will be challenged by those who already have it,” he said. Henri Arslanian, crypto leader at PwC in Hong Kong.
But making money in the cryptocurrency market has become increasingly difficult, as many natural digital currencies are moving away from relying on bitcoin prices to boost their spending and political neutrality to make more profit.
Most of James Butterfill, a financial analyst at Coinshares, has shown that there are three times more money than well-managed strategies, but the results are well worth it.
“The benefits of Crypto arbitrage are very interesting, as they avoid the great uncertainty and uncertainty of cryptocurrencies,” Filia said.