The current pace of new cryptocurrency fund launches is well below its peak in 2017

Golden Finance reported that according to Crypto Fund Research data, the current launch rate of new cryptocurrency funds is much lower than the peak period in 2017, when about 73 new funds were launched every quarter, which was more than twice the total number of crypto funds that year. Additionally, financing new funds is still not as easy as it once was. On the venture capital side, new fund financings tend to be smaller than in 2021 and 2022 because there are fewer new investors entering the space. In the first quarter, just $2.62 billion was invested in 631 venture capital deals, according to VisionTrack data. That's down from the $2.9 billion invested in 781 deals in the same period last year, and a fraction of the $7.2 billion invested in 817 deals in the first quarter of 2021.