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The post <a href="https://coinpedia.org/news/crypto-hedge-funds-anticipate-booming-2024-following-stellar-rebound-in-2023/">Hedge Funds Rise from the Ashes in 2023: All Set to Soar in 2024?!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
In 2022, the crypto hedge fund sector faced significant challenges, including the notable collapse of <a href="https://coinpedia.org/guest-post/what-does-the-ftx-collapse-mean-for-the-future-of-crypto/">FTX.</a> 2023 was the year things picked pace. Now, fast forward to today, and there’s a notable turnaround that hints at a promising 2024. Some of the industry’s leading funds have reported impressive gains, signaling a robust recovery and a bullish outlook for the months ahead. 
It all seems to be coming together well! 
<h2 class="wp-block-heading" id="h-pantera-and-chainview-mark-a-comeback">Pantera and Chainview Mark a Comeback</h2> 
<a href="https://coinpedia.org/news/pantera-capital-bets-big-on-mid-stage-crypto-firms-and-invests-in-brine/">Pantera Capital</a>, led by Dan Morehead, stands out with its impressive performance. By mid-December 2023, the fund saw an 80% increase in its liquid-token assets. This sharp rise contrasts sharply with the 80% decline it experienced the year before. 
Under Dan Slavin’s guidance, Chainview Capital has made a remarkable recovery. After a dip of 18% in 2022, the fund has now doubled its performance, reflecting the industry’s renewed vigor. 
Altcoins Shine 
Stoka Global LP, known for its focus on alternative cryptocurrencies, reported a significant 268% gain by November 30, 2023. Their strategy of diversifying beyond Bitcoin and Ethereum has clearly been fruitful. 
Also Read: <a href="https://coinpedia.org/top-10/top-10-altcoins-under-1-to-invest-in-2024/">Top 10 Altcoins Under $1 to Invest in 2024</a> 
<h2 class="wp-block-heading" id="h-industry-wide-improvement">Industry-wide Improvement </h2> 
Despite not matching <a href="https://coinpedia.org/bitcoin/top-3-reasons-why-bitcoin-btc-price-will-surge-by-150-soon/">Bitcoin’s over 150% rally</a> this year, the overall recovery of crypto hedge funds is encouraging. This revival is crucial, especially considering the challenges faced by the industry, including the FTX debacle and issues related to redemptions and banking. 
On average, crypto hedge funds have delivered a 44% return as of December 20, 2023, a significant rebound from the 52% loss observed in 2022. This recovery is highlighted in a Bloomberg index tracking the performance of these funds. 
<h2 class="wp-block-heading" id="h-gear-up-for-an-exciting-2024">Gear Up for an Exciting 2024</h2> 
Industry leaders remain optimistic. They draw parallels with Bitcoin’s significant growth three years ago. Several factors, including macroeconomic changes and potential U.S. approvals for Bitcoin ETFs, contribute to this positive sentiment. 
With the sector stabilizing, leaders like Dan Slavin are considering expansions. Pantera Capital, with its focus on alternative coins, anticipates further growth, especially following Bitcoin’s recent success. 
Greg Moritz of Alt Tab Capital predicts a bright future for cryptos. He cites a mix of macroeconomic factors, such as inflation trends and the Federal Reserve’s stance, combined with industry-specific events like Bitcoin’s halving, as key drivers for the market’s upward momentum.

Hedge Funds Rise from the Ashes in 2023: All Set to Soar in 2024?!

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