Exploding Volumes

As the prices of bitcoin and other cryptocurrencies skyrocket, a large number of traders are seeking to launch hedge funds investing in them. Hedge Fund Alert recently reported that “the number of hedge funds investing in digital currencies is exploding.” The publication quoted CPA Corey Mclaughlin, managing member at Auther Bell, who said:

I’ve been in the hedge fund space since 1998, and I’ve never seen anything like it in volume of launches in a particular area. It’s just crazy.

Hedge Funds Investing in Cryptocurrencies ‘Exploding’ – 62 in PipelineMatt Stover, founder of MG Stover & Co, shared the sentiment. “This is the first time I can remember where we have had a hard time keeping up with the sales calls,” he said.