Crypto Hedge Funds State of the Union Report
summary
PwC releases a data-driven state of the union: crypto hedge funds hold about $4 billion AUM, average fund size near $60M, and the 10 biggest funds control ~50% of assets. Survey of 80 funds finds ~50% traded Luna, ~25% traded UST, 42% trade DeFi (Uniswap), and over half use derivatives and staking services rather than running nodes. Custody concentrates with two major custodians, most funds domiciled in the Cayman Islands, and median fees remain around 2 and 20.
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chapters (13)
- 0:00Start
- 2:28Launch of New Crypto Hedge Funds
- 3:17Most Common Investor Types
- 3:55Most Common Strategies
- 4:212021 Performance
- 6:21What are the most important attributes of a crypto exchange for a crypto hedge fund?
- 7:08Trading Systems
- 8:41Management and Performance Fees
- 9:32Governance Improvements
- 10:01Crypto Hedge Funds Redemption Gates
- 10:30Usage of External Service Providers
- 11:09Crypto Hedge Funds Domiciles and Fund Manager Locations
- 13:41Major regulatory concerns?
