It is doubtful that the industry can sustain such a large number of crypto investment funds if the market remains bearish for a long time. The number of launches of new cryptocurrency investment funds is on course to set a record in 2018. The assertion comes from a new analysis by Crypto Fund Research, a US company specializing in compiling of lists of cryptocurrency hedge funds and venture capital companies. Through the end of July this year,  96 new hedge and venture capital funds had been launched, which sets an annual pace of 165, the analysis found.