PwC: Nearly half of traditional hedge funds are dabbling in cryptocurrencies

Nearly half of hedge funds focused on traditional asset classes are now dabbling in cryptocurrencies as regulatory clarity and the launch of exchange-traded funds in the U.S. and Asia draw more investors into the cryptocurrency category, a new survey showed on Oct. 10th. According to the Global Cryptocurrency Hedge Fund Report, released Thursday by the Alternative Investment Management Association and PricewaterhouseCoopers, 47 percent of hedge funds trading in traditional markets hold digital assets, up from 29 percent in 2023 and 37 percent in 2022. Of the funds already invested, 67% plan to keep their cryptocurrency capital at the same level, with the rest planning to increase their investments by the end of 2024, the survey found.