United States Hedge Funds Are Likely To Hold Over 10% Of Assets In Cryptocurrencies In Next 5 Years

Hedge funds from North America are on the frontline of digital asset-curious investors, even though the European Union and United Kingdom-based Hedge funds are not lagging by much and are expected to maintain around 6.8 percent of resources in digital assets in the next five years.

A recent study involving 100 CFOs of hedge funds around the world found that the industry is thinking of a substantial increase in the exposure of digital resources in the near future.

The study was led by Intertrust, which indicates that upon mirroring the sector according to the forecast of the respondents’, the assets managed by international hedge funds in crypto could total up to $312b. The US-based hedge funds indicated the greatest bullish sentiment regarding the recent asset class and were expecting to increase their crypto exposure to 10.6 percent in the next five years.

However, the United Kingdom and European Union hedge funds presented a somewhat meek figure, even though with its meek outlook, the percentage was around 6.8 percent on average. The study consisted of CFOs at hedge funds which were on average managing more than $7b in assets. Not only that, the Chief Financial Officers themselves, on a personal account, were expected to maintain a minimum of at least 1 percent of their respected portfolios in digital assets.

Prominent fund manager like Paul has voiced his avid admiration of BTC even with all its flaws regarding inflationary tendencies within the economy. Anthony, CEO of SkyBridge Capital, expressed a somewhat similar stance of BTC’s prospect as a great store of value, going as far as to consider it to be better than gold.

Another prominent name that is supporting Bitcoin is Alan, co-creator of substantial hedge fund Brevan Howard. In the last seven days, Howard has invested in 2 crypto assets companies after his initial investment in the crypto asset custody service provider made by Nomura in collaboration with CoinShares and Ledger. Rumors are also circulating regarding the hedge fund Brevan Howard planning to invest directly into crypto.

Apart from conventional funds growing in confidence regarding the new asset class, there is also a wide push to start crypto funds to replicate the success of Grayscale and Bitwise.

Author: Isacco Genovesi

Isacco writes news articles, reviews and guides about cryptocurrencies including technical analysis, blockchain events, coin prices marketcap and detailed reviews on crypto exchanges and trading platforms.

Leave a Reply

Your email address will not be published.