Most Hedge Funds Still Invest in Cryptocurrencies
Large investment companies have not lost interest in cryptocurrencies, despite a 2-week bear market, which brought a loss of 31 percent
Analysts at PricewaterhouseCoopers say 58% of hedge funds are engaged in crypto investments. This indicates the interest of their users in the advantages of a new class of investment assets.
There are two hundred active hedge funds working with digital assets on the market today. Of these, 80% were launched from 2017 to 2020.
The average fund consists of 23 independent venture capitalists. Statistically, they are presented:
- 54% of private investors;
- 30% of family investment offices.
By 2020, in just one year, the amount of investment hedge funds has grown from 2 to 3.8 billion dollars. The annual increase from 2019 was 90%. According to the company's report, BTC and ETH are the most popular, followed by LTC, LINK, DOT.
The average investment is $400,000, and the investment (a regular investment in the same assets for a fixed amount) is $1.1 million.
About a third of the funds are interested in cooperation with DEX (Uniswap, linch, SushiSwap) and crypto platforms, including eToro, Binance, Kraken.
Such interest is useful for the cryptosphere. In the long term, it will lead to an increase in demand for cryptocurrencies and a new bullish impulse.
The current price of cryptocurrency can be found on the Huobi exchange. It is the world's largest crypto exchange with profitable trading offers and low commissions.
This review is not an advertisement or a recommendation to action, but merely an informational one. The publisher and the author are not responsible for your decisions.