Crypto funds that survived crypto winter lost 46% of their assets in 2018, according to a new PwC report

The cryptocurrency hedge funds that survived the 2018 "crypto winter" lost almost half of their assets according to a new accounting report by the consulting form PwC, Bloomberg reports. Crypto funds lost an average of 46% while Bitcoin ($BTC) fell by over 70 percent. Quantitative funds managed to return an 8% gain, according to the same report.

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