Hedge Funds Riding on Bitcoin... Achieved Double-Digit Returns Last Year

Last year, hedge funds based on virtual assets recorded double-digit returns.

On the 15th, Bloomberg reported this by citing VisionTrack data from the virtual asset management company Galaxy Digital.

Specifically, the VisionTrack Composite Index, which tracks the returns of 130 virtual asset-focused hedge funds, rose by 40% last year. This means that most hedge funds based on virtual assets achieved double-digit returns last year.

Galaxy Digital's 'Alpha Liquid Fund' recorded a return of about 77% last year. The 'ProChain Master Fund' managed by the virtual asset management company ProChain Capital also recorded a return of about 70% last year.

Galaxy Digital stated, "(Virtual asset funds) experienced a decline of 20-30% in the spring and summer of last year but ended with a strong upward trend at the end of the year." They added, "Funds that failed to properly respond to the upward trend starting in November lagged behind," and "only the top funds recorded returns exceeding the rise of Bitcoin (BTC)."