Skip to content Skip to sidebar Skip to footer

Despite a two-week bear market that resulted in a 31 percent loss, many financial firms have maintained their interest in cryptocurrencies.

According to PricewaterhouseCoopers, 58 percent of hedge funds are investing in cryptocurrency. This demonstrates their consumers’ interest in the benefits of a new class of investment assets.

On the market now, 200 active hedge funds are working with digital assets. Eighty percent of these were launched between 2017 and 2020.

There are 23 independent venture capitalists in the average fund. They are presented statistically as follows:

  • Private investors: 54%
  • Family investment offices: 30%.

In just one year, the value of investment hedge funds has risen from $2 billion to $3.8 billion. From 2019 to 2020, the annual growth was 90 percent. According to the research, BTC and ETH are the most popular, followed by LTC, LINK, and DOT.

The average investment is $400,000, while the investment (a fixed amount of money invested in the same assets) is $1.1 million.

Around a third of the funds want to work with DEX (Uniswap, linch, SushiSwap) and crypto platforms like eToro, Binance, and Kraken.

Such enthusiasm is beneficial to the crypto sphere. In the long run, this will increase cryptocurrency demand and a new bullish impulse.

On the Huobi exchange, you can check the current price of cryptocurrencies. It is the largest cryptocurrency exchange in the world, featuring profitable trading opportunities and minimal commissions.

Show CommentsClose Comments

Leave a comment

The leader in blockchain news, Cryptowatchlists is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Cryptowatchlists is an independent online newspaper, which concentrate in cryptocurrencies and blockchain startups.
Our Biggest Stories Delivered to Your Inbox