Hedge Funds Invest $500B in Crypto

Hedge funds are increasingly embracing cryptocurrency, with over half now investing in digital assets, a significant rise from last year. This surge is driven by the U.S. governments growing acceptance and positive market trends. However, funds remain cautious, with most investing less than two percent of their total assets in crypto. Despite potential market risks, funds plan to buy more in the next year, with sixty-seven percent using crypto derivatives. This trend is reflected in a survey of funds managing nearly one trillion dollars in assets, as the overall hedge fund industry sees a record high in capital.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.