February 15, 2018 / 11:03 AM / 6 days ago

Number of crypto hedge funds doubles in 4 months- Autonomous NEXT data

LONDON, Feb 15 (Reuters) - Hedge funds focused on trading cryptocurrencies more than doubled in the four months to Feb. 15, hitting a record high of 226, showed new data from fintech research house Autonomous NEXT on Thursday.

The firm had recorded just 110 global hedge funds with a similar strategy as of Oct. 18, up from 55 funds at Aug. 29 and just 37 at the start of 2017.

Assets under management hit between $3.5 and $5 billion, according to the firm. (Reporting by Maiya Keidan and Jemima Kelly)

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