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Leading global hedge fund data whizz, Barclay Hedge launched its latest equal-weighted index, the Cryptocurrency Traders Index, evidencing that participants in the industry plunged almost over 29% in March 2018. It is down by 43% year to date, posted three consecutive monthly losses.
The massive 2017 price surge has led a bang in the crypto hedge funds, with a whopping 167 estimated to have launched during the year.
The researchers evidence that the fresh tool is an equal-weighted index of the monthly returns of a representative universe of 19 constituent funds that trade bitcoin and other cryptocurrencies, starting Jan 1st 2018.
We at FxWirePro have already stated several times in the recent past, that safeguarding arrangements with BTFs (bitcoin futures available at CME & CBOE), well, the knack of trading Bitcoin futures on exchanges (CME and CBOE), which are predominant universally, renders highly essential level of transparency, investor protection, and credibility to the price–discovery process and creates a level of institutional legitimacy that is crucial for growth in this sector.
We also stated at the spur of the moment, the sharp rallies in Bitcoin prices were seen to hit its all-time highs of just under $20,000 owing to the launch of Bitcoin futures in December last year, subsequently, tumbled below $10,000 in the Q1’2018.
We’ve seen such sharp spikes and steep tumbles several times since the inception of such innovation in 2009 and we called it as boom cycles. For further readings on the same, follow below weblinks.
The current prices are just shy above $8,300. Different individuals have their opinions, but no veteran really knows whether it’s a bubble or a correction. Dear readers, one noble thing which we have to keenly observe that this would rather be wise enough to categorize crypto to categorize as currency system than any investment class.
When this’s currency system, it takes time for revolution and evolution.
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