LONDON : Hedge funds trading crypto currencies tracked by index provider BarclayHedge ended 2022 down almost 50 per cent, the research firm said on Tuesday, a sign that the collapse of the cryptocurrency exchange FTX continues to ripple through the industry. FTX filed for Chapter 11 bankruptcy protection
LONDON : Hedge funds trading crypto currencies tracked by index provider BarclayHedge ended 2022 down almost 50 per cent, the research firm said on Tuesday, a sign that the collapse of the cryptocurrency exchange FTX continues to ripple through the industry.
Ben Crawford, head of research at BarclayHedge, said since FTX fell to pieces, the conversation around trading crypto currencies had become polarised and that"true believers" in crypto were"cranking up their evangelizing to 11." An index of 47 hedge funds, the names of which BarclayHedge keeps anonymous, posted a loss of over 47 per cent for the year, the data said.
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