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Crypto Hedge Funds Underperformed Bitcoin During Rally Last Year

  • Average returns were 166%, while Bitcoin quadrupled in 2020
  • One fund returned more than 700%, Crypto Fund Research says
From

Actively managed cryptocurrency hedge-funds underperformed Bitcoin during the largest digital asset’s bull run last year, according to Crypto Fund Research.

The funds’ average rate of return was 166%, compared with a more than 300% increase in Bitcoin. During 2017’s surge, gains were about 1,100% as the dominant token burst into the mainstream consciousness with a 1,375% increase, according to the researcher. The data tracker didn’t release the names of the top performing funds.