Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Nearly 50% of Traditional Hedge Funds Now Exposed to Crypto Assets Amid Growing Regulatory Clarity: Report

Nearly 50% of Traditional Hedge Funds Now Exposed to Crypto Assets Amid Growing Regulatory Clarity: Report

Daily HodlDaily Hodl2024/10/09 16:00
By:by Mehron Rokhy

New data shows that nearly half of all traditional hedge funds are now reportedly exposed to crypto assets as regulations start to become more clear.

According to a new report by Bloomberg, a recent survey revealed that 47% of hedge funds in traditional markets had exposure to crypto assets, up from 29% in 2023 and 37% in 2022.

The survey, published by Alternative Investment Management Association (AIMA) and global accounting giant PricewaterhouseCooper (PwC), also found that 67% of those already exposed to crypto plan to maintain the same level of exposure while the rest plan to purchase more.

As stated by James Delaney, managing director of asset management regulation at AIMA, in an interview with Bloomberg,

“The findings from this year’s report indicate a steady recovery in confidence over the past year. It’s really the regulatory clarity that we started to see globally. That clarity is definitely boosting confidence in the asset class.”

However, the survey also found that 76% of hedge fund managers who have not yet invested into crypto assets say they are unlikely to do so within the next three years, up from 54% that said the same thing in 2023.

Furthermore, 66% of traditional hedge funds said they do not plan on incorporating Bitcoin ( BTC ) exchange-traded funds (ETFs) into their strategies.

The survey was conducted earlier this year in March and queried 100 hedge funds, 42% of which invested in traditional assets.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X , Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: Midjourney

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!