The report shows that most of the encrypted hedge fund assets are less than $10 million, and the median loss last year was 46%.

According to the Financial Times, a report jointly released by PricewaterhouseCoopers (PwC) and digital asset management firm Elwood showed that bitcoin prices fell last year, causing huge losses on most encrypted hedge funds. According to the report, most funds have assets of less than $10 million, which raises questions about the long-term sustainability of their business model. Less than 10 encrypted hedge funds manage more than $50 million in assets, the largest of which are San Francisco-based Pantera Capital and Polychain Capital. In 2018, the median loss of encrypted hedge funds was 46%, and the quantitative encryption hedge fund performed better with an average return of 8%.