As a result of the rapid rise in prices for bitcoins and other crypto currency, a large number of traders began to launch hedge funds investing in the digital currency.
The representative of the accounting firm Auther Bell Corey McLaughlin (Corey Mclaughlin) says:.
"I have been dealing with hedge funds since 1998, and so far I have not seen so many launches in a separate industry. It's just crazy. ".
The same opinion is held by the founder of the financial company MG Stover & Co Matt Stover (Matt Stover):.
"In my memory, we are barely able to cope with so many calls".
According to the representative of the law firm Cole-Frieman, institutional investors began to invest heavily in crypto-currencies:.
"I did not expect that this type of asset would be interested in so many institutional players".
62 new hedge funds are expected to be launched out of the total number of client funds managed by MG Stover & Co. , 12 are focused on the digital currency. In addition, the company entered into contracts for the maintenance of 25 more funds. Currently, Arthur Bell cooperates on crypto-currency funds with 15 fund managers, soon it is expected to add another 20 funds. This year, Cole-Frieman & Mallon helped organize 7 crypto-currency funds, and in the near future another 17.
In total, in the near future only three of the above-mentioned companies should bring to the market 62 new crypto-currency hedge funds.
"I think that most crypto-currency funds are trying to use the opportunity," said Neal Berger, founder of the investment consulting firm Eagle's View Capital. "This is an access point for people who can not acquire the crypto currency independently or do not want to learn it".
Former employee of Goldman Sachs Bank and co-founder of Blocktower Capital Matthew Goetz (Matthew Goetz) says:.
"It's a very weak market with a huge alpha potential - more than we've ever seen. We believe that this is a unique opportunity for investors. It is not often that new capital markets are born before your eyes ".