Why this report matters
Crypto hedge funds are falling behind badly. While Bitcoin has surged over 565% since 2017, the average crypto hedge fund hasn’t even delivered half that, and the gap keeps growing. Altcoins have failed to spark, funding rate arbitrage is dead, and volatility strategies are breaking down. The game has changed, but most funds haven’t. What if the real edge lies in going tactical, turning directional, and thinking differently? We break down the data and the shifts reshaping crypto performance—and what smart money is starting to do about it.
Bitcoin and Crypto Hedge Fund Index (100+ funds) performance since Dec '17