Now that the Blockchain technology has become omnipresent, the number of active crypto funds has exceeded to 312 increased by 24% (approx.) as per the valid source of Autonomous Next – an Analytics firm. The growth was seen much higher since 2016 by 456%, and 791% since 2015 as per the valid source. Let us not forget that the year 2018 has received the lowest percentage of increase in cryptocurrency funds year over year basis. The analytics report shows that the majority of newly build-up crypto funds started their operation during the second quarter of 2018. On the contrary, only 20 funds initiated their operation in the first quarter.
Besides the incremental size in percentage terms, the collective value of all cryptocurrency funds stand around $7.5-$10 billion. On the analytical perspective, the industry has been quite centralized while around 10 largest firms contributed approximately 43% of total industry capital whereas 80% capital contributed by the 50 largest firms in the crypto industry.
Stimulate the growth of Cryptocurrency Funds
Likewise capital market, the crypto market has common fundamentals like geopolitical factors, macroeconomic factors that affect the price of cryptocurrencies and growth of the industry. When the news like Van Eck’s application for Bitcoin led ETF with the SEC aired in the market, so it affected the entire industry most positively. The number of cryptocurrencies is increasing by leaps and bounds. The crypto major Bitcoin is contributed about 1% of the entire Gold market. As per the valid source of CoinMarketCap, there are 1691 cryptocurrencies are traded on12166 markets worldwide.
Let us not forget that the cryptocurrencies have just got their edge and already become well-known amongst the investors’ community worldwide. However, they still have a long way to go!!