Despite a forty-six percent (46%) drop in the crypto hedge funds; PricewaterhouseCoopers (PwC), consulting and auditing firm, reports that institutional buying of cryptocurrency increased steadily in 2018. The report further clarifies that in 2018, the Assets under Management (AuM) of the crypto hedge funds doubled. The quarter to quarter increase in the median hedge fund is over four and a quarter million dollars ($4.3m). According to the report, crypto hedge funds were able to double their Assets under Management (AuM) in 2018, with the median crypto hedge fund AuM growing from less than two and a quarter million dollars ($2.1m)
