Cryptocurrency Investment Funds: Infographics

16 Sep 2019 by svet

posting about Grayscale got me curious what's going on with cryptocurrency investment funds in general. One of the resources, which attracted my attention is Cryptofundresearch with their more or less detailed infographics. Although they do not reveal information sources, which they based it upon, I think, nonetheless, it might be curious to cast a brief look at that.

Citing: "There are currently more than 800 (807) cryptocurrency/blockchain investment funds: (from those) 365 Crypto Hedge Funds and 421 Crypto Venture Capital Funds". (I wonder what the rest 21 are?) Also: "All crypto funds combined make up less than 1% (about $18.3 billion) of total hedge fund assets."

Among those 46 (6%) were launched in 2016, 224 (28%) in 2017, 239 (30%) in 2018 and 140 (17%) is projected for 2019 (the rest - prior to 2016). Typical crypto-fund has less than 6 employees (54% of all funds), holds less than $10 million (50%) in AUM - assets under management - and is located in California (185 - 23%, with 71 in San Francisco alone).

If you (as I) asking yourself how those guys deal with the regulatory climate of ours here's the answer: "Most US-based crypto funds (21% of total) are not registered with the SEC. Some will file a form D (13% of total), but not be required to file for an SEC registration ... most qualify as an exempt advisor and are not required to register. " Typical isn't :)

They also show the list of top 10 crypto-funds: Arrington XRP Capital (2017, Michael Arrington - founder of TechCrunch); BlockTower Capital (2017, Matthew Goetz from Goldman Sachs); Brian Kelly Capital Management (2017, Brian Kelly); Digital Currency Group (2015, Barry Silbert - investment banker with Houlihan Lokey); Fenbushi Capital (2015, Feng Tiao and Bo Shen, had Vitalik as an advisor);

Galaxy Digital Assets Fund (2016, Mike Novogratz); MetaStable Capital (2015, Naval Ravikant - AngelList co-founder); Pantera Capital (2003, Dan Morehad - former Goldman Sachs); Passport Capital (2000, John H. Burbank III - invested $6M in Apartment List); Polychain Capital (2016, Olaf Carlson-Wee - Coinbase); Tunlan Capital (unknown).

If you also wonder how those guys are doing lately, here's your answer: from January 1, 2019 to July 1, 2019 their combined AUM rose from $10.2 to $18.3 billion (80%).