Brevan Howard Crypto Fund Loses Nearly 30% in 2025, Marking Worst Annual Performance Since Inception

BlockBeats News, February 18th: The well-known asset management institution Brevan Howard's cryptocurrency fund, BH Digital Asset, fell 29.5% in 2025, marking its worst annual performance since its establishment in 2021.

According to reports, as the Bitcoin bull market momentum weakened, BH Digital Asset came under significant pressure last year and underperformed Bitcoin. Data shows that Bitcoin's full-year decline in 2025 was 6%.

BH Digital Asset mainly invests in cryptocurrency and digital asset-related companies. Previously, during the market recovery phase, the fund achieved annual gains of 43% in 2023 and 52% in 2024, respectively. At that time, Bitcoin briefly surpassed $100,000 in December 2024.

Some hedge fund investors pointed out that the fund holds a large amount of private equity and venture capital assets, which faced pressure amid the overall weak cryptocurrency market environment in 2025. Brevan Howard has not yet publicly responded to the reports.