Close to one out of three – or 29% – of hedge funds that are not yet invested in digital assets say they are looking to invest or are in late-stage planning for investments in the space, a new survey by consulting giant PwC has revealed.
The survey was conducted in the 1st quarter of 2022 on a sample of 77 specialist crypto hedge fund managers, in collaboration with Elwood Asset Management (now a part of CoinShares).
According to the survey results, published in PwC’s Global Crypto Hedge Fund Report for 2022, the share of hedge funds that are looking to the crypto market for their future investments has risen from 26% last year to 29% this year. The majority of the funds looking towards the crypto market said they are now in “late-stage planning” for the investment, the survey found.
At the same time, the survey also found that 41% of uninvested hedge funds are unlikely to invest in the next three years, while 31% said they are “curious” about digital assets, but prefer to wait for...
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