Brevan Howard's crypto fund said to lose 30% in worst year since inception: FT
Analysis
Price Impact
MedBrevan howard's crypto fund losing 30% in 2025, significantly underperforming bitcoin (-6% in 2025), indicates the challenges faced by even sophisticated institutional players in a difficult market. while a historical report, it could temper institutional enthusiasm for crypto investments in the short to medium term.
Trustworthiness
HighThe report comes from the financial times (ft) and is cited by coindesk, both highly reputable financial news sources with established credibility in reporting on institutional finance and crypto.
Price Direction
NeutralThe news pertains to performance in 2025, a period that saw a 'faltering bitcoin bull run' and market difficulties. while it highlights past institutional struggles, it does not present new immediate catalysts for a significant price movement now. the market has already priced in the conditions of 2025. however, it might contribute to a cautious sentiment among institutional investors moving forward.
Time Effect
ShortThe data is historical (2025 performance). its direct impact on current market prices is likely short-lived as the market has evolved. however, it could have a medium-term effect on institutional confidence and due diligence for new crypto fund allocations.
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Article Content:
Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Brevan Howard's crypto fund said to lose 30% in worst year since inception: FT BH Digital Asset underperformed bitcoin, which lost 6% in 2025. By Jamie Crawley | Edited by Sheldon Reback Feb 18, 2026, 10:45 a.m. Make us preferred on Google Brevan Howard's crypto fund said to lose 30% in 2025 (Joa70/Pixabay modified by CoinDesk) What to know : Brevan Howard's cryptocurrency fund fell almost 30% in 2025 as the bitcoin bull run faltered, according to the FT. The loss was the fund's worst performance since its inception in 2021. BH Digital Asset, which invests in crypto tokens and digital asset-related companies, enjoyed gains of 43% and 52% in 2023 and 2024, respectively. In this article BTC BTC $ 67,909.04 ◢ 0.07 % Investment manager Brevan Howard's cryptocurrency fund fell almost 30% last year as the bitcoin BTC $ 67,909.04 bull run faltered, the Financial Times (FT) reported on Wednesday . The BH Digital Asset fund lost 29.5% of its value, its worst performance in a calendar year since its inception in 2021, according to the report, which cited people familiar with the fund's performance. The fund underperformed bitcoin, which lost 6% in the period. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . BH Digital Asset, which invests in crypto tokens and digital asset-related companies, enjoyed gains of 43% and 52% in 2023 and 2024, respectively, as the crypto market recovered from the lows of 2022 and the bitcoin price eclipsed $100,000 in December 2024. "There are a lot of private equity and venture capital type instruments [in BH Digital Asset]," said one hedge fund investor, according to the FT's report. "They have underperformed bitcoin but to give them credit, last year was terrible for crypto." Brevan Howard did not immediately respond to CoinDesk's request for further comment. Brevan Howard Crypto Funds More For You Zoomex: Precise Systems of Fairness and Transparency by Design By CoinDesk Jan 31, 2026 Commissioned by Zoomex Read full story More For You Gold firm Elemental Royalty to pay out dividends in Tether's tokenized gold By Krisztian Sandor | Edited by Stephen Alpher 13 hours ago The company claimed the bragging right of being the first to let investors opt for dividend payments in a cryptocurrency, backed by gold. What to know : Elemental Royalty is the first public gold firm to pay dividends in tokenized gold Shareholders can now elect to receive returns in Tether Gold (XAUT), a blockchain-based token backed by physical gold. Tokenized gold saw rapid growth over the past year amid rising retail demand for the yellow metal. Read full story Latest Crypto News Zora moves onto Solana with 'attention markets' for trading internet trends 2 hours ago Bitcoin losing $70,000 is a warning sign for further downside 3 hours ago Peter Thiel's Founders Fund dumps every ETHZilla share 3 hours ago Bitcoin ETFs hold billions despite price crash, but resilience masks harsh reality 4 hours ago Abu Dhabi wealth funds bitcoin ETF holdings topped $1 billion at end of 2025 12 hours ago Gold firm Elemental Royalty to pay out dividends in Tether's tokenized gold 13 hours ago Top Stories CFTC's Selig opens legal dispute against states getting in way of prediction markets 18 hours ago Crypto infrastructure firm BitGo a potential acquisition target for Wall Street firms, analysts say 18 hours ago Bitcoin slips below $67,000 as software stocks continue to plunge 18 hours ago Michael Saylor's Strategy purchased $168 million in bitcoin last week 21 hours ago BitMine adds $90 million in ETH — Tom Lee says crypto sentiment reminiscent of 2018 and 2022 bottoms 20 hours ago Gemini stock falls 10% after it parts ways with COO, CFO and Chief Legal Officer months after IPO 19 hours ago In this article BTC BTC $ 67,909.04 ◢ 0.07 %