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Crypto hedge funds spooked by ‘hostility’ of Europe’s watchdogs

The US’s rules are looser than those in the UK, but investors fear a regulatory crackdown could be wide-reaching

By Trista Kelley
Watchdogs are looking at issues from risk to climate change, causing hedge funds to approach with caution
Watchdogs are looking at issues from risk to climate change, causing hedge funds to approach with caution Photo: Christinne Muschi/Getty Images

If you want to invest in crypto, get out of Europe.

That looks to be the stance of crypto-focused hedge funds at least. A recent boom in new digital assets funds has so far hovered around America's shores; the US is home to 80% of crypto hedge funds, according to quantitative technologies provider SigTech, compared with 67% across all hedge fund types.

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