According to new research from crypto analytics firm Autonomous Next, the number of crypto funds has exploded to more than 300 in 2018, with 312 up-and-running when the report was completed earlier this month. This marks a 24% increase from the beginning of the year when 251 funds were operational. The majority of new funds opened in the second quarter, as CCN reported that just 20 new firms entered the space during the first quarter, and nine shut down to to the bear market.