Bitcoin

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<ul class="news-points">
 <li>BH Digital’s Q1 return of 34.5% propelled total gains to nearly 51%, contrasting with other funds’ lackluster performance.</li>
 <li>Bitcoin surged 50% in Q1 2024, contributing to BH Digital’s success despite a brief drop due to US inflation.</li>
 <li>Brevan Howard’s traditional funds struggled, with the Master Fund down 2% and Alpha Strategies down 1.3%.</li>
</ul>
<a href="https://www.bloomberg.com/news/articles/2024-04-10/brevan-howard-s-crypto-fund-rises-35-as-macro-trading-dips" target="_blank" rel="noopener noreferrer nofollow">Bloomberg</a> reported that Brevan Howard Asset Management’s cryptocurrency fund, BH Digital, has emerged as a saving grace for the firm as it returned 34.5% in Q1 2024, bringing total gains to nearly 51% since launch. This contrasts with the lackluster performance of its other funds in the current macro trading environment.
According to sources familiar with the matter, BH Digital, managing roughly $1.7 billion in assets, delivered a stellar 34.5% return in the first quarter of 2024. The impressive performance of BH Digital is attributed to the significant rise in cryptocurrency values.&nbsp;
Bitcoin, for example, <a href="https://coinmarketcap.com/currencies/bitcoin/historical-data/" target="_blank" rel="noopener noreferrer nofollow">witnessed</a> a surge of about 50% from the end of March 2022 through Q1 2024. Its price <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">dropped</a> after a higher-than-expected US inflation report, briefly falling below $68,500. Buyers stepped in near $67,500, pushing the price bac…
The post <a href="https://coinedition.com/brevan-howards-crypto-fund-up-51-other-funds-down/" rel="noopener noreferrer nofollow">34.5% Q1 Return: Brevan Howard’s Crypto Fund Saves Day</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

34.5% Q1 Return: Brevan Howard’s Crypto Fund Saves Day

Coin Edition

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