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