Brevan Howard’s Crypto Fund Loses 30% in Worst Year Ever!

by

Finance

What’s the Big Deal?

  • Brevan Howard’s cryptocurrency fund took a nosedive of 30% in 2025, because apparently, even crypto can’t survive a Tuesday.
  • This loss is so bad, it’s making the fund’s 2021 inception look like a party.
  • BH Digital Asset, which invests in crypto tokens and digital asset-related companies, enjoyed gains of 43% and 52% in 2023 and 2024-because nothing says “success” like riding a wave that crashed in 2025.

Investment manager Brevan Howard’s cryptocurrency fund fell almost 30% last year as the bitcoin bull run faltered, the Financial Times (FT) reported on Wednesday. Spoiler: the bull run was just napping.

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. Because nothing says “failure” like outperforming a 6% loss.

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. But hey, 2025 is a whole different story-like a horror movie where the sequel is just the same plot but with worse acting.

“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.” Because nothing says “compliment” like comparing your losses to a 6% drop.

Brevan Howard did not immediately respond to CoinDesk’s request for further comment. Probably too busy recalculating their life choices.

Read More

2026-02-18 14:17