Crypto Hedge Funds Bought the F**king Dip During 2018’s Bitcoin Crash

By CCN: It seems bitcoin’s epic 72 percent price fall in 2018 didn’t deter wealthy investors. Crypto hedge funds reported a three-fold increase in assets under management (AuM) in 2018 despite the bear market. It suggests investors were quietly building exposure to cryptocurrency even as the price fell. Per a comprehensive report on crypto hedge fund performance issued by PWC, hedge funds reported a median AuM of $4.3 million in January 2019, a 3x increase from the year previous ($1.