New data shows that nearly half of traditional hedge funds are reported to have exposure to crypto assets as regulations begin to become clearer.
A recent survey revealed that 47% of traditional market hedge funds have exposure to crypto assets, up from 29% in 2023 and 37% in 2022, according to a new report from Bloomberg. .
The study, published by the Alternative Investment Management Association (AIMA) and global accounting giant PricewaterhouseCoopers (PwC), found that 67% of those already exposed to cryptocurrencies plan to maintain the same level of exposure. It was also found that while the rest of the population planned to buy more.
As James Delaney, managing director of asset management regulation at AIMA, said in an interview with Bloomberg:
“The findings in this year’s report show that confidence has steadily returned over the past year, and it is precisely the regulatory clarity that we have started to see globally. has definitely increased confidence in this asset class.”
However, the survey found that 76% of hedge fund managers who have not yet invested in crypto assets said they are unlikely to do so in the next three years, and hedge fund managers who expressed a similar view in 2023 It was also found that this has increased from 54%.
Additionally, 66% of traditional hedge funds said they do not plan to incorporate Bitcoin (BTC) exchange-traded funds (ETFs) into their strategies.
The survey was conducted in March earlier this year and questioned 100 hedge funds, 42% of which invested in traditional assets.
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