Nearly Half Of Traditional Hedge Funds Now Invest In Cryptocurrencies

According to Odaily, a new survey reveals that nearly half of hedge funds focused on traditional asset classes are now involved in cryptocurrencies. This shift is attributed to clearer regulatory frameworks and the introduction of exchange-traded funds in the United States and Asia, which have attracted more investors to the cryptocurrency sector. The Global Crypto Hedge Fund Report, released on Thursday by the Alternative Investment Management Association and PwC, indicates that 47% of hedge funds trading in traditional markets now hold digital assets. This is a significant increase from 29% in 2023 and 37% in 2022. The survey also found that among the funds already invested in cryptocurrencies, 67% plan to maintain their current level of capital in digital assets. The remaining funds intend to increase their investments by the end of 2024.