Crypto fund managers reel as performance slides to 2022 lows
Crypto hedge funds came into 2025 expecting new regulations and support from the White House under President Donald Trump, and billions flowing in from institutions. None of that helped the market though.
Bitcoin punished almost every strategy that aimed to profit from big price swings. Directional crypto funds ended November down 2.5%, putting them on track for their weakest year since many dropped more than 30% three years ago.
The pain spread well beyond these funds. Long-term, research-heavy strategies that filled portfolios with blockchain projects and altcoins fell about 23% after severe drawdowns. Only the cautious players made it out ahead.
According to Crypto Insights Group, quant models built around altcoins broke down…
