Every Major Crypto Hedge Fund Sub-Strategy Posted Positive Returns in April!

A survey of more than 400 digital asset managers found that every major crypto hedge fund sub-strategy delivered positive average returns in April — a level of broad alignment that analysts say has not been seen in recent memory. Directional strategies led the pack with their strongest monthly performance of the year, while market-neutral books continued to quietly compound gains in the background.

The latest edition of Glassnode's Strategy Watch, produced in collaboration with Crypto Insights Group, includes a deep dive into DeFi and yield strategies, featuring a CIO's perspective on where edge is still being found as lending spreads compress and smart contract risk continues to evolve.

Allocator positioning data for Q2 shows cash levels climbing even as the broader market backdrop turns more constructive — a cautious-but-engaged stance.