Traditional Hedge Funds Are Starting To Embrace Cryptocurrency…

There’s a storm that’s been brewing but a whole lot of people have scoffed at the fact that it is going to hit…while people have been distracted by the recent price slumps, institutional investors have been buying the dip…

Despite bearish trend, hedge funds are dipping their toes in crypto: PwC

“Although crypto assets have been in a protracted bear market for much of 2022, institutional investors appear to be buying the most recent price dip. Inflows into Bitcoin investment products, such as exchange-traded funds and Grayscale‚Äôs GBTC product, increased by $126 million last week, according to CoinShares. Bitcoin investment funds have quietly added over $500 million in net inflows this year.”

https://cointelegraph.com/news/despite-bearish-trend-hedge-funds-are-dipping-their-toes-in-crypto-pwc

 

Master Asked on June 8, 2022 in Cryptocurrency.
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