(Reuters) Hedge funds that trade cryptocurrencies reached over 100 for the first time, according to new data from fintech research house Autonomous NEXT, of which more than three-quarters launched in 2017. A rise from 55 funds at Aug. 29 to 110 funds at Oct. 18 comes as investors pile into the high-performing cryptocurrency market, which has seen a tenfold increase in its value so far this year. A booming Bitcoin rallied to record highs above $5,000 in recent days BTC=BTSP.
Cryptocurrency Hedge Funds Top 100 for First Time
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