Data: Nearly 100 crypto funds have closed this year

According to ChainCatcher news, data from investment advisory firm 21e6 Capital AG shows that nearly 100 cryptocurrency funds have closed since the beginning of 2023, with these funds averaging a return of 15.2% in the first half of the year.

Maximilian Bruckner, Head of Marketing and Sales at 21e6, pointed out: "Targeted funds have performed well, but still not as well as Bitcoin. Due to regulatory uncertainties surrounding popular banking partners and fund managers, many funds have had to slow down operations." Meanwhile, quantitative funds are constrained by a "volatile" market.

Bruckner stated that investor confidence has improved, but fund inflows and fund launches have yet to show signs of a complete recovery in sentiment.