Specialized cryptocurrency funds are launching at a record pace, according to a new research. While the prices are steadily depreciating across the board, these new findings challenge the notion of a continuous bear market. According to a new research from Crypto Fund Research, there are a total of 466 cryptocurrency investment funds. Most of them (255) are set up as hedge funds. Of these, 195 are set up as venture capital funds while 16 represent private equity funds.