New data shows that almost half of all traditional hedge funds are now reportedly exposed to crypto assets as regulations begin to become clearer.
According to a new one report by Bloomberg, a recent survey found that 47% of hedge funds in traditional markets had exposure to crypto assets, compared to 29% in 2023 and 37% in 2022.
The research, published by the 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 is more to buy.
As James Delaney, director of asset management regulation at AIMA, says 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. This clarity certainly increases confidence in the investment category.”
However, the survey also found that 76% of hedge fund managers who have not yet invested in crypto assets say they are unlikely to do so within the next three years, compared to 54% who said the same in 2023.
Additionally, 66% of traditional hedge funds said they do not plan to include Bitcoin (BTC) exchange-traded funds (ETFs) in their strategies.
The study was conducted earlier this year in March and surveyed 100 hedge funds, 42% of which invested in traditional assets.
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