• CFL Crypto Fund Index has increased in value by 1,500% since its inception.
  • The impressive performance is tied to the index’s ability to moderate losses in downtrends.

CFL one of the most comprehensive crypto fund index reported impressive results in June. CFL Crypto Fund Index surged by 16.8% finishing the month of June at 16,031. This was a significant increase from the previous record high of 14,669 in posted in January 2018. CFL is a platform developed by a research company referred to as Crypto Fund List. It follows the performance data of a group of over 45 crypto hedge funds.

Since its inception in January 2017, CFL Crypto Fund Index has increased in value by 1,500% in comparison to Bitcoin’s 1,000%. In the same period, traditional hedge funds went up only 9% as seen in the data provided by Eurekahedge Hedge Fund Index.

Crypto Fund List's CEO, Josh Gnaizda said in a comment:

"The CFL Crypto Fund Index has significantly outperformed Bitcoin over a full market cycle is a testament to the value that active fund managers can add in an increasingly complex investment space." He added, "While crypto remains a highly speculative asset class, it's rather remarkable that since 2017 crypto funds have outperformed traditional hedge funds by more than 150 times."

The impressive performance is tied to the index’s ability to moderate losses in downtrends. For instance, Bitcoin saw more than half its value disappear in the Q1 of 2018 but CFL Crypto Fund Index lost only 13.8%. On the upside, the index is not able to keep up with Bitcoin during market rallies. For example, in the Q1 of 2019, the index rose by 64% while Bitcoin shot up 163%.

The founder of CFL Crypto Fund Index Joe McMackin also said:

"Due to the large number of funds included in the CFL Crypto Fund Index, we've developed insights not previously available from less comprehensive attempts at indexing the sector.

He concludes:

"Notably, the index demonstrates that experts in the space can significantly outperform Bitcoin."

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin attempts a dead cat bounce amid a descending channel

Bitcoin (BTC/USD), the most dominantly traded cryptocurrency, is seen attempting minor recoveries on the 9900 handle, having extended the recent declines to 9,850.65, in the wake of a symmetrical triangle breakdown on the hourly sticks seen on Saturday.

More Bitcoin News

Top 3 Coins' Price Prediction: Bearish bias intact despite tepid recovery attempts

The world’s no. 1 digital coin, Bitcoin, is seen driving the broader market. However, the third most traded cryptocurrency, Ripple, fails to benefit, as it continues to lose nearly 4% so far this Sunday. 

More Cryptocurrencies News

Bitcoin Cash: Choppy inside falling wedge, with limited upside

Bitcoin Cash (BCH/USD) breached Thursday’s low of 302.41 but managed to hold the 302 handle before staging a comeback.  Despite the latest recovery attempt, the price is down 3% in the last 24 hours.

More Bitcoin Cash News

IOTA technical analysis: Sell the bounce, as bears still eye 0.2550/25

IOTA (IOT/USD), the 17th largest cryptocurrency, risks further downside in the near-term amid bearish technical setups on different time frames. 

More IOTA News


Bitcoin weekly forecast: Let the altcoin season begin

All major altcoins demonstrated strong growth while Bitcoin reluctantly oscillated in a tight range and stayed vulnerable to bearish sentiments. The first digital currency spends the best part of the week hovering around $10,200 level.

Read the weekly forecast