Bloomberg noted that more than 200 cryptocurrency-related hedge funds have launched over the last several years. The article quoted Lex Sokolin, global director of fintech strategy at Autonomous Research LLP, as predicting that roughly 10 percent of these will shut down by January 2019.
I think that without a real bull run this year or next the number might be closer to 50%.
Most of those involvement funds were poorly run, investing in all the hyped projects that turned in just a few months to dust and even worse they took most of the money at the peak of the market.
Good luck surviving a bear season one year long.
Yes, they are closed, but as soon as we start to serious profit again we will see new hedge funds again.
It is an old circle of how things work, not just in crypto.
I'm pretty sure that most people here are not that keen on seeing this circle again nor seeing hedge funds popping up like mushrooms after the rain.