Since its launch in 2013, the Pantera Bitcoin Fund–one of the first in the world to dedicate itself to cryptocurrencies—has returned a whopping 25,004 percent to investors, with a compound annual return of about 250 percent. This according to a recent article in The New York Times.

The article cites comments by the fund’s founder, Dan Morehead, who says it has been attractive because it allows investors to bypass Bitcoin exchanges such as Coinbase that charge fees from between 1.5 percent and 4 percent for each transaction. In dollar terms, Pantera estimates that it has made $2.1 billion for its investors.

Competition is heating up in this arena, the article says, with more than 150 cryptocurrency-focused hedge funds created this year (bringing the total to 175, according to research firm Autonomous Next).

Of Bitcoin’s naysayers, Morehead told the NTY, “They might be right. But if they are wrong and it goes up 25 times, they are missing out on a huge trade.” That said, Morehead points out there’s a chance the digital currency could tank, “given how early and undeveloped the technology still is,” and advises clients to invest no more than 1 percent of their net worth in virtual currencies.