According to Foresight News, the Financial Times reported that Trump's election victory has driven a strong rebound in Bitcoin, allowing some cryptocurrency hedge funds to "make a significant profit." According to data provided by Hedge Fund Research, funds adopting cryptocurrency strategies rose by 46% in November, with an annual return rate reaching 76%. The returns of these fund companies far exceeded the industry average (10% in November).
Among them, Brevan Howard Asset Management and billionaire Mike Novogratz's cryptocurrency investment management firm Galaxy Digital are the biggest winners in the recent cryptocurrency boom. Brevan Howard's cryptocurrency fund, with $35 billion in assets, has risen 51% so far in 2024; Galaxy has increased by 90%, doubling its assets to $4.80 billion. So far, both Brevan Howard Asset Management and Galaxy have declined to comment on the performance of their cryptocurrency funds.