December 18, 2024

CryptoInfoNet

Cryptocurrency News

Report: Regulatory Clarity Leads to Increased Crypto Asset Exposure for Nearly 50% of Traditional Hedge Funds – The Daily Hodl

Trader Warns Blue-Chip Ethereum Rival Flashing Bearish Signal, Says Metaverse Altcoin Gearing Up for Upswings

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

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney



Source link

#Traditional #Hedge #Funds #Exposed #Crypto #Assets #Growing #Regulatory #Clarity #Report #Daily #Hodl

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © All rights reserved. | Newsphere by AF themes.