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Nearly 50% of Traditional Hedge Funds Now Invest in Cryptocurrencies: Report Cryptonews 10 Oct 2024

Nearly 50% of Traditional Hedge Funds Now Invest in Cryptocurrencies: Report 📈

A recent survey reveals a substantial increase in the number of traditional hedge funds investing in cryptocurrencies, with nearly 50% currently involved compared to just 29% in 2023. This suggests a growing acceptance of digital assets among conventional financial institutions.

The increased investment indicates a significant shift in strategy as hedge funds adapt to the evolving financial landscape. This growing trend may influence further adoption of cryptocurrencies in the financial sector and drive market dynamics in the coming years.

Source: cryptonews.com ↗