A Few Quant Hedge Funds Make Profit From Cryptocurrency Crash

BITCOIN-CRYPTO-CURRENCY

A small group of hedge funds are profiting from turmoil in the digital asset market that has already wiped trillions of dollars off the total value of cryptocurrencies.

Many large quant hedge fund firms have been diversifying into more niche markets such as crypto futures in recent years as they try to avoid crowded positioning in traditional markets and improve returns.

[Via]

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