PwC: Nearly Half of Traditional Hedge Funds Are Getting Involved in Cryptocurrency
A new survey shows that nearly half of hedge funds focused on traditional asset categories are now involved in cryptocurrencies. According to the Global Cryptocurrency Hedge Fund Report released by the Alternative Investment Management Association and PricewaterhouseCoopers on Thursday, 47% of hedge funds trading in traditional markets hold digital assets, up from 29% in 2023 and 37% in 2022. Among the funds already invested, 67% plan to keep their capital in cryptocurrencies at the same level, while the remaining funds plan to increase their investments by the end of 2024.
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