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01.11 - 15:37
Hedge funds pile into crypto assets as FOMO outweighs potential risks
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fnlondon.comCrypto has grabbed the attention of hedge funds, as investors eye a bull run in 2023 and 2024 in a sector that has plunged by more than $2tn since last November.
Nearly a third of traditional hedge funds are currently investing in crypto assets. Two-thirds — or 67% — of those hedge funds are aiming to deploy more capital into the emerging asset class by the end of 2022, according to a report by The Alternative Investment Management Association.
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