Report: A third of hedge-fund managers plan to invest in cryptocurrencies

One-third of hedge-fund managers and about a quarter of alt-investment managers plan to add crypto in the near term, EY/Greenwich find.

Some 31% of hedge fund managers and 24% of their peers with an alternative-investment tilt plan to add cryptocurrency to their portfolios in the next year or two. The figures are from the исследовании conducted by Ernst & Young (EY), one of the Big Four accounting firms, in partnership with Greenwich Associates.

The survey, conducted from July to September 2021, involved 264 respondents with assets under management (AUM) above $5 trillion.

The greatest interest in digital assets was shown by managers with AUM between $2 billion and $10 billion (32%) and those above $10 billion (36%).

According to the report, only 7% of respondents had currently invested in the new asset class.

In addition to purchasing digital assets (46%), firms are considering purchasing crypto derivatives (43%), providing financing to private blockchain companies (37%), investments in multisignatures (28%) and shares of industry participants that have gone through an IPO (28%).

Earlier, in July, the crypto fund Nickel Digital found that 82% of institutional investors and private wealth managers planned to increase the share of digital assets in their portfolios by 2023.

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