According to a new study conducted by the Crypto Fund Research team, there are currently 466 cryptocurrency investment funds in the world. The majority (255) have the status of a hedge fund, 195 - venture capital funds, 16 - private investment funds.
Guided by the current pace of hedge funds, the authors of the study suggest that about 165 new cryptocurrency funds will be created till the end of 2018, while 156 such funds were opened last year.
Most cryptocurrency funds manage assets of $ 10 million or less. A total of 28 funds have amounts in excess of $ 100 million. These include Arrington XRP Capital, Mike Novograz’s Galaxy Digital Assets, Polychain Capital, and others. The total assets of all known crypto funds are $ 7.1 billion.
Although existing crypto funds manage relatively modest amounts, the emergence of custodial solutions based on trusted companies can open the way for larger investors.
Opening of new hedge funds is backed the Bakkt platform of the New York Stock Exchange operator ICE, which will carry out physical storage from November 2018, supervised by the Commodity Futures Trading Commission of the USA (CFTC). The investment bank Goldman Sachs is engaged in the development of this service.
Besides hedge funds, there are also ICOs, which are keeping up. There are lots of them, however one is worth your attention - Open Packaging Network. The platform is the world's first decentralized packaging ecosystem based on blockchain with a fair marketplace where services are provided as per agreements between buyers & sellers, thereby enabling seamless trading. The team of a the project plans to build a decentralized platform to transparently incorporate all stakeholders in the packaging frontier by solving problems such as quality packaging & middleman barrier between traders.