PwC: Nearly Half of Traditional Hedge Funds Are Getting Involved in Cryptocurrency

CoinVoice has learned that a new survey shows that nearly half of hedge funds focusing on traditional asset classes are now involved in cryptocurrencies.

According to the Global Crypto Hedge Fund Report released Thursday by the Alternative Investment Management Association and PwC, 47% of hedge funds trading in traditional markets hold digital assets, up from 29% in 2023 and 37% in 2022. Of the funds that have already invested, 67% plan to keep the capital in cryptocurrencies at the same level, and the rest plan to increase investment by the end of 2024. [Original link]