Crypto Hedge Funds Had the Most Profitable January on Record This Year

• The Eurekahedge index of crypto hedge funds is up 18.62% in January, the highest on record

Crypto hedge funds have seen record January gains according to the Eurekahedge index of crypto hedge funds, which is an equally weighted index of 25 constituent crypto hedge funds that has been tracking the crypto market since 2013. This January the index is up 18.62%, far surpassing the previous record of 10.86% in 2014.

Another interesting comparison is that in 2017, the same year that Bitcoin rallied to its all-time high of USD 20,000, the index was only up 4.85%. Therefore 2020 is off to a far more profitable start than 2017, which further increases speculation that a major crypto bull run may be developing.

It is also notable that the index is up 9,671% since it launched in July 2013, which is much stronger gains than any classical hedge fund. That being said, Bitcoin is up 14,300% since July 2013, which suggests that more money could be made by simply holding Bitcoin rather than investing in a crypto hedge fund. Indeed, Bitcoin is by far more the most profitable asset class of the past decade.

 

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