Crypto Hedge Funds Rebound in 2023 After Surviving Brutal Crypto Winter
• Crypto hedge funds like Pantera Capital and Chainview Capital posted big gains in 2023 after steep losses in 2022
• Funds are optimistic about continued growth in 2024, with some predicting "another token mania"
• About 250 crypto hedge funds shut down over the past year and a half due to factors like FTX's collapse
• Fundraising and new fund launches picked up in 2H 2022 as crypto markets rebounded on optimism about Bitcoin ETF approvals
• Funds like Alt Tab Capital that weathered 2022 are now "aggressively positioned" for the next bull run driven by macro factors and Bitcoin's halving