PwC: Nearly half of traditional hedge funds are venturing into cryptocurrency

ChainCatcher news, a new survey shows that nearly half of hedge funds focused on traditional asset classes are now involved in cryptocurrency.

According to the Global Cryptocurrency Hedge Fund Report released by the Alternative Investment Management Association and PwC 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 that have already invested, 67% plan to keep their cryptocurrency capital at the same level, while the remaining funds plan to increase their investments before the end of 2024.