Nearly 50% of traditional hedge funds have crypto exposure:

Nearly half of hedge funds focused on traditional assets now have crypto exposure, driven by regulatory clarity and the launch of ETFs, according to a new survey.

A growing number of hedge funds focused on traditional asset classes are embracing crypto, a move driven by enhanced regulatory clarity and the launch of exchange traded funds in the U.S. and Asia, Bloomberg reports, citing a new survey by the Alternative Investment Management Association and PricewaterhouseCoopers.

The report found that 47% of hedge funds trading in traditional markets now have exposure to cryptocurrencies, up from 29% in 2023 and 37% in 2022. Among these funds, 67% plan to maintain their current level of investment in cryptocurrencies, while the remainder intend to increase their exposure by the end of 2024.