PwC hedge fund survey finds crypto remains viable despite recent market turmoil

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

PwC’s fifth annual global crypto hedge fund report looks not bad.

“Crypto hedge funds remain popular investment vehicles for investors seeking exposure to the crypto-asset market.”

More than half of the funds have operations in the U.S., but those funds did not respond differently from others to U.S. regulations, with 42% saying those regulations are not expected to impact them. The funds listed segregation of assets , financial audits and an independent statement of reserve assets as requirements they would like to see for trading venues.

Tokenization seems not to have made a big splash in the sector. Only 15% of funds are considering investing in tokenized securities, and only 4% tokenize units in their own funds.The portion of traditional hedge funds that invest in crypto fell from 37% in 2022 to 29% in 2023. Of the funds still investing in crypto, 62% hold less than 5% of their assets under management in crypto and only 8% hold more than 20% in crypto.

Among the funds not investing in crypto, “client reaction or reputational risk” has overtaken “regulatory uncertainty” as the main reason, but 40% said that the removal of regulatory barriers would not move them to begin investing in crypto. PwC partnered with alternative asset manager CoinShares to survey 131 crypto-native funds. The Alternative Investment Management Association obtained data from 59 traditional hedge funds for that section.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines