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During late phase of 2017, upsurge in the bull-run took traders to the all-time highs at 19k mark, which in turn, led the crypto-space valuations spikes from a $20 billion to a mammoth $800 billion, that was when institutional players, like hedge fund, asset management firms and endowments, appeared to be noticeably reluctant to test their luck in this industry. However, we empathise that institutions, in general, have been exhibiting great deal of zeal in crypto wholesome.
Crypto hedge funds have been compelled to devise umpteen number of creative strategies to sustain in the prevailing unstoppable bearish rout. With approximately 5% of crypto hedge funds shutting down since the beginning of the year, the hedge funds that remain are exploring new investment strategies.
Quite a few investment veterans perceive ongoing slumps as the best opportunity of entry into the cryptocurrency gamut as January-2019 could be the game changer for the crypto industry. Many data events, during this phase, most likely to lead a bull turn.
While the institutional and retail crypto investing platform Bakkt, is expected to unveil in late January-2019 paving the way for a bitcoin ETFs and other bitcoin investment products. On the contrary, it may have an adverse impact on markets if the US SEC again prefers to deny the bitcoin ETF proposals.
While the market continues to go through a prolonged bear phase, crypto hedge funds are riding the waves. The best crypto hedge funds are staying afloat, while many funds are sinking to the bottom.
Currency Strength Index: FxWirePro's hourly BTC spot index has shown -44 (which is bearish), while USD is flashing at 60 (bullish), while articulating at 10:38 GMT.
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