Crypto Fund Research

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San Francisco-based Crypto Fund Research was founded in 2017 to provide insight into the evolution of the crypto funds industry.

It maintains a database of crypto funds and venture capital, with information on fund type, AUM and headquarters. It also produces regular reports summarizing key developments and trends in the crypto funds business.

Crypto Fund Research also maintains the CFR Crypto Fund Index, a non-investable equal weighted index tracking the monthly performance of more than 70 crypto funds.

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Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.

Why it matters:

Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.