Brevan Howard’s BH Digital crypto fund has been a top performer within the hedge firm’s ecosystem, with impressive gains of nearly 35% in Q1. Managing $1.7 billion, BH Digital outpaced the firm’s flagship Master Fund, as reported by Bloomberg. Since its launch in March 2022, BH Digital has seen a growth of over 50%.

In comparison, the Master Fund, which handles around $12 billion and invests in various areas, was down approximately 2% in Q1. The Alpha Strategies fund, managing $12.5 billion and investing in global macro and fixed income, also experienced a loss of around 1.3% during the same period.

Despite its strong performance, BH Digital fell short of certain cryptocurrencies in terms of returns. For instance, Bitcoin (BTC) showed a year-to-date return of approximately 67.1%, while Binance Coin (BNB) saw a 95% YTD return.

Launched in late 2021, BH Digital provides institutional investors with access to a range of funding opportunities, including investments in liquid cryptocurrencies and venture capital within the crypto market.

Looking ahead, the future performance of BH Digital remains uncertain. Some crypto executives believe that Bitcoin’s recent rally may already be factored into the market. Fred Thiel, CEO of Marathon Digital Holdings, attributed Bitcoin’s surge to the approval of spot exchange-traded funds (ETFs), which attracted more capital into the market. Thiel also suggested that the upcoming Bitcoin halving, scheduled for mid-April, might already be priced in.

It is essential for investors to stay informed about the latest developments in the cryptocurrency market to make well-informed decisions. Explore more news and updates on Global Crypto News to stay ahead of the curve.

Post Views: 2