š Crypto hedge funds bounce back! šŖ After a rough 2022, several funds are experiencing remarkable growth with optimistic projections for 2024. Pantera Capital's Liquid Token Fund, for instance, has rebounded with an 80% increase as of mid-December. Stoka Global LP, focusing on altcoins, reported a 268% gain for the year. š
This resurgence follows the collapse of FTX and closure of nearly one-third of all crypto hedge funds. However, surviving firms are now positioning themselves for success in 2024, with high hopes for crypto ETF approvals. š
What do you think about this comeback? Share your thoughts in the comments! š