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Hedge funds expect to hold $310 billion in cryptocurrencies within 5 years - more than 7% of their assets

1 month ago   |   By Business Insider

Institutional interest in cryptocurrencies like bitcoin has jumped in 2020.
Eric Gaillard/Reuters
Hedge funds plan to ramp up their crypto holdings to more than 7% of assets by 2026, a survey showed.
That would equate to around $313 billion of cryptocurrency holdings, Intertrust Group said.
Hedge funds have been drawn to the volatility and huge price rises in cryptocurrencies such as bitcoin.
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Hedge fund bosses are planning to ramp up their holdings of cryptocurrencies, predicting that an average of 7.2% of their...
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Hedge funds expect to hold $310 billion in cryptocurrencies within 5 years - more than 7% of their assets

Hedge funds expect to hold $310 billion in cryptocurrencies within 5 years - more than 7% of their assets

1 month ago   |   By Business Insider

Summary List Placement Hedge fund bosses are planning to ramp up their holdings of cryptocurrencies, predicting that an average of 7.2% of their assets under management will be held in digital tokens by 2026, a survey has found.
That would equate to around $313 billion of cryptocurrency holdings, based on an estimate of the future size of the hedge fund industry, according to Intertrust Group, which carried out the research.
The finding is a sign that many potential institutional buyers are not being put off by bitcoin's recent plunge , but see cryptocurrencies as a long-term...
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