Analysis

Nearly 50% of Traditional Hedge Funds Now Exposed to Crypto Assets Amid Growing Regulatory Clarity: Report

Published

1 year ago

October 10, 2024

New information reveals that nearly half of all conventional hedge funds at the moment are reportedly uncovered to crypto property as laws start to turn out to be clearer.

In line with a brand new one report by Bloomberg, a current survey discovered that 47% of hedge funds in conventional markets had publicity to crypto property, in comparison with 29% in 2023 and 37% in 2022.

The analysis, revealed by the Various Funding Administration Affiliation (AIMA) and international accounting big PricewaterhouseCooper (PwC), additionally discovered that 67% of these already uncovered to crypto plan to keep up the identical degree of publicity, whereas the remainder plan is extra to purchase.

As James Delaney, director of asset administration regulation at AIMA, says in an interview with Bloomberg:

“The findings from this 12 months’s report point out a gradual restoration in confidence over the previous 12 months. It is actually the regulatory readability that we began to see globally. This readability actually will increase confidence within the funding class.”

Nonetheless, the survey additionally discovered that 76% of hedge fund managers who haven’t but invested in crypto property say they’re unlikely to take action throughout the subsequent three years, in comparison with 54% who stated the identical in 2023.

Moreover, 66% of conventional hedge funds stated they don’t plan to incorporate Bitcoin (BTC) exchange-traded funds (ETFs) of their methods.

The research was performed earlier this 12 months in March and surveyed 100 hedge funds, 42% of which invested in conventional property.

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