TechFlow news — On January 15, according to Bloomberg, Galaxy's VisionTrack data shows that in 2024, cryptocurrency hedge funds generally achieved double-digit returns. The VisionTrack Composite Index, which tracks 130 funds, rose 40% overall. Among them, Galaxy Digital's Alpha Liquid Fund surged 76.6%, ProChain Master Fund gained approximately 70%, and Tephra Digital Asset Fund LP delivered a full-year return of 100%.
By category, quantitative strategy funds performed best, with the VisionTrack Quant Directional Index rising 53.7%, while fundamental strategy funds in the VisionTrack Fundamental Index increased by 40.4%. Galaxy Research noted that most gains were driven in the fourth quarter, fueled by favorable developments such as Trump's support for cryptocurrencies and the approval of Bitcoin ETFs. However, fund performance still lagged behind Bitcoin’s 120% rise.
