Nearly 70 Of Crypto Hedge Funds To Continue Investing In Digital Assets Despite Choppy Markets
In this line, two-thirds of crypto hedge funds, at 67%, intend to pump more capital into the sector with a focus on two large caps assets of Bitcoin and Ethereum, the PwC’s Global Crypto Hedge Fund report published on June 10 indicates. In particular, Bitcoin remains the most attractive crypto owing to the asset’s ability to act as a store of value. In 2022, the survey indicated that the hedge funds at 86% invested in store of value assets, followed by decentralised finance (DeFi) at 78%, with infrastructure accounting for 74%, As per the report: Hedge funds bullish on Bitcoin Notably, most hedge funds have remained bullish on Bitcoin’s price and market capitalisation....