Prices for cryptocurrencies like Bitcoin and Ethereum are off about 50% from their December 2017 highs and the SEC has announced its intent to investigate over 100 crypto hedge funds.

Yet those hurdles haven’t slowed the explosive growth of new crypto investment funds launching across the US, according to Crypto Fund Research.

With over 100 new crypto fund launches, 2017 was a record year for the industry. The explosive growth of the cryptocurrency and blockchain investment universe has continued in 2018.

Related: 4 Reasons Why Preferred Stocks are Smart Investments

Already there have been 34 new crypto fund launches this year, putting 2018 on pace to meet or exceed the record 107 launches in 2017.

See chart below via Crypto Research

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.