Despite the bear market in cryptocurrencies this year so far, crypto hedge fund launches are spiking to all-time highs. According to a new report from Crypto Fund Research, 90 crypto hedge funds launched in the first three quarters of this year, and the total is expected to reach as high as 120 for the financial year. With roughly 600 hedge funds of all types expected to launch in 2018, the expected 120 crypto-focused hedge funds would comprise a notable 20 percent of that total.