Although the percentage of traditional hedge funds invested in crypto will drop from 37% to 29% by 2023, the belief in the value and long-term sustainability of crypto assets is still growing. “Still looking strong,” PwC said on Wednesday.report
Over the past year, the average crypto allocation by traditional hedge funds has increased from 4% to 7%. Over half of traditional funds surveyed said they were unlikely to invest in crypto in the next three years.
“Despite market volatility, the decline in digital asset prices, and the collapse of a handful of crypto businesses, crypto asset investment is expected to remain strong in 2023,” said John Garvey, PwC global financial services leader. the US said in a statement.
Garvey added that regulatory uncertainty continues to affect many funds. And more than half of those surveyed would invest more when it comes to transparency, regulatory certainty, and risk management.
The report found that 23% of traditional hedge funds are reevaluating crypto strategies due to the regulatory environment in the US, while 12% of crypto hedge funds are considering moving out of the country.
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