TechFlow news, December 21: The Financial Times reported that rising expectations of Trump's election victory have driven a strong rally in Bitcoin, leading to outstanding performance in cryptocurrency hedge funds. According to Hedge Fund Research data, crypto strategy funds achieved a monthly return of 46% in November, with annualized returns climbing to 76%, significantly outperforming the industry benchmark return of 10%.
Among them, the crypto fund managed by Brevan Howard Asset Management, which has $35 billion in assets under management, posted a year-to-date return of 51%. Galaxy Digital, founded by well-known investor Mike Novogratz, achieved a portfolio return of 90%, with assets under management growing over 100% to $4.8 billion. As of publication time, neither firm has officially commented on the performance of their crypto funds.
