According to Reuters, a survey by PwC and the Alternative Investment Management Association (AIMA) showed that the proportion of traditional hedge funds investing in crypto assets has dropped from 37% in 2022 to 29% this year. The report added that a quarter of hedge funds currently invested in the field said that increased uncertainty in U.S. regulation of the crypto industry may cause them to reconsider this asset class.
The report stated that among the 59 hedge funds surveyed, more than 70% of the fund investment decisions were affected by last year's market events (the collapse of several mainstream crypto companies such as FTX), and these funds managed a total of US$280 billion in assets.