Global crypto funds post sharp gains in 2021 -BarclayHedge

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Reuters UK

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Global cryptocurrency funds racked up steep gains last year after most digital currencies soared in price, led by bitcoin and ether amid strong institutional interest and greater acceptance from regulators worldwide, according to BarclayHedge, a division of Backstop Solutions The BarclayHedge cryptocurrency traders index was up 138.1% for 2021, according to data the firm posted on Friday, showing results for about 39 funds, or less than 50% of the digital asset management firms it tracks. That followed record gains of 173% in 2020, as crypto fun…

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