Report: Most crypto hedge funds perform poorly, retail money is shifting towards Bitcoin ETF.

PANews, May 26, reported that the latest report from 10x Research indicates that most cryptocurrency hedge funds have performed poorly. Since the end of 2017, Bitcoin has risen over 565%, while the average return of ordinary cryptocurrency hedge funds is less than half of that, and the gap continues to widen. Data shows that the average return of the top 100 cryptocurrency hedge funds is only 272%, lagging behind by as much as 293%, even surpassing their total returns. These funds have a monthly return correlation as high as 89%, making it difficult to provide effective diversification or risk hedging. Currently, altcoins have failed to trigger a market boom, and the funding rate arbitrage strategy has become ineffective, with volatility strategies also nearing collapse. However, most funds continue to use old strategies and have not adapted to the changes in the market. The real advantage lies in adopting tactical strategies, shifting to trend trading, and breaking free from conventional thinking. Meanwhile, retail funds are turning to Bitcoin ETFs rather than hedge funds with a "higher beta coefficient," further highlighting the urgency of the transformation in the fund industry.