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HEDGE FUNDS
PwC said roughly one-third of traditional hedge funds surveyed are already investing in digital assets such as Bitcoin (BTC).
47% of traditional hedge fund managers studied are already invested or thinking of investing in cryptocurrencies.
The world’s biggest crypto hedge fund, Grayscale, now has a whopping sum of $37.8 billion under its management.
Grayscale Investments has had impressive growth after registering its third consecutive record-breaking quarter.
In the US 27% of financial institutions like family offices, investment advisers, pension funds, and hedge funds said they own crypto assets.
Hedge funds are firms that offer alternative investments to a specific type of investors (high net worth individuals), in a bid to protect their investment portfolios from market uncertainty, while generating positive returns regardless of market sentiments.