Traditional hedge funds not deterred by crypto market downturn and volatility
According to the 4th Annual Global Crypto Hedge Fund report by PricewaterhouseCooper (PwC), 89 hedge funds were involved in a survey conducted in Q1 2022.
The research revealed that 38% of traditional hedge funds were already investing in cryptocurrency, a jump from 21% recorded a year ago. Also, two-thirds of the entities surveyed currently investing in digital assets are looking to increase their allocation by the end of 2022.