[Total crypto-specific hedge fund market grows to $21 billion] Golden Finance reported that Joshua de Vos, head of research at data provider CCData, said that the bankruptcy of hedge funds Three Arrows and Alameda Research provided an opportunity for new participants to enter after the market rebounded. Among the surviving funds, many have achieved double-digit and triple-digit percentage returns in recent months. de Vos said that given the cyclical nature of cryptocurrencies, it is likely that new crypto-native funds will emerge to help fill the gaps left by these entities and take advantage of new opportunities that emerge in this cycle. According to tracking agency Galaxy VisionTrack, the total crypto-specific hedge fund market has grown from $16.3 billion in December to $21 billion for the first time since October 2022.