In 2024, several crypto hedge funds experienced positive returns, but none could match the performance of Bitcoin, which surged 120% to surpass $100,000 for the first time. The VisionTrack Composite Index, which tracks the performance of 130 crypto-dedicated hedge funds, saw a 40% increase. However, hedge funds that did not invest in Bitcoin missed out on its record-breaking returns. Hedge funds focusing on directional and quantitative strategies in the digital asset space performed the best, with the VisionTrack Quant Directional Index gaining over 53%. Macro funds and those with strong convictions in crypto assets also performed well. Most gains occurred in the final quarter of 2024, with the successful launch of exchange-traded funds in the US investing in Bitcoin and the support from President-elect Donald Trump contributing to Bitcoin's rise.



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