Hedge funds are showing robust confidence in crypto, PwC says

found. And that's regardless of market volatility and ongoing regulatory uncertainty that have challenged the sector.

Over the past year, the average allocation to crypto by traditional hedge funds increased from 4% to 7%. Still, slightly over half of traditional funds surveyed said they are unlikely to invest in crypto over the next three years., conducted with the Alternative Investment Management Association and CoinShares, surveyed both traditional hedge funds and crypto hedge funds. Of that second group, 93% expect the overall crypto market capitalization to be higher at the end of the year.

Garvey added that regulatory uncertainty is continuing to weigh on many funds, and that more than half of those surveyed would invest more once greater transparency, regulatory certainty and risk management are in place. The report found that 23% of traditional hedge funds are reassessing their crypto strategy due to the regulatory environment in the U.S., while 12% of crypto hedge funds are considering relocating away from the country.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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