Bitcoin’s inefficiencies are creating arbitrage trades for crypto hedge funds Submitted By Hugh Leask | 19/01/2021 - 9:15am As more hedge funds pile into cryptocurrencies, market inefficiencies and price dispersion are bringing fresh arbitrage opportunities for managers. Bitcoin’s sustained rally over the past year saw the cryptocurrency roar to a record high of more than USD41,000 in early 2021, with many investors increasingly using it as a hedge against falling real yields and inflation risks stemming from central bank quantitative easing.