Crypto hedge funds’ AUM jumped in Q4 2023 to $15.2bn, a 41.62% increase on the previous total of $10.75bn, with fundamental strategies holding $11.4bn, quant directional funds $1.8bn, and market neutral funds $1.9n, according to the 2024 Institutional Crypto Hedge Fund & Venture Report by digital assets platform Galaxy.
The median fund size grew modestly through the year for all crypto hedge funds, largely attributed to cryptocurrency price appreciation, though subscriptions increased in Q4 2023.
Roughly 34% of crypto-dedicated hedge funds have a track record of more than three years, according to the report, while 56.2% have a fund inception date between one and three years. Less than 7.2% of crypto hedge funds have a track record greater than four years.
