PwC Hedge Fund Survey Reveals Crypto Remains Viable Despite Recent Market Turmoil
The share of traditional hedge funds investing in crypto has fallen, but many still in the market plan to increase investment in crypto this year.
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PwC released its fifth annual Global Crypto Hedge Fund Report on July 12, based on surveys conducted during the first quarter of 2023 of crypto-native and traditional hedge funds. Against the backdrop of the recent crypto winter and continued regulatory uncertainty in the US and elsewhere, the report found a mostly positive outlook among funds.
Crypto-native hedge funds are “working to create a new industry dynamic focused on restoring trust and addressing their needs,” and almost all (93%) expect market capitalization increases during the year, according to the report. find. The majority (53%) reported no exposure to FTX or the Terra Luna ecosystem.
imagine paying your crypto hf 2% on this performance
by pwc 5th annual hf pic.twitter.com/TJk1cf7CKw
— Monty (@MontyHall_) July 12, 2023Most funds outperformed the price of Bitcoin (BTC) in 2022. The report found:
"Crypto-hedge funds remain popular investment vehicles for investors seeking exposure to the crypto-asset market."
More than half of funds (54%) have operations in the United States, but these funds reacted no differently than others to US regulations, with 42% saying that these regulations should not have impact on them. Funds cited asset segregation (75%), financial audits (62%) and an independent statement of reserve assets (60%) as requirements they would like to see for trading venues.
>Tokenization doesn't seem to have made a big splash in the industry. Only 15% of funds plan to invest in tokenized securities, and only 4% of tokenized units in...
The share of traditional hedge funds investing in crypto has fallen, but many still in the market plan to increase investment in crypto this year.
News
Join us on social networks
PwC released its fifth annual Global Crypto Hedge Fund Report on July 12, based on surveys conducted during the first quarter of 2023 of crypto-native and traditional hedge funds. Against the backdrop of the recent crypto winter and continued regulatory uncertainty in the US and elsewhere, the report found a mostly positive outlook among funds.
Crypto-native hedge funds are “working to create a new industry dynamic focused on restoring trust and addressing their needs,” and almost all (93%) expect market capitalization increases during the year, according to the report. find. The majority (53%) reported no exposure to FTX or the Terra Luna ecosystem.
imagine paying your crypto hf 2% on this performance
by pwc 5th annual hf pic.twitter.com/TJk1cf7CKw
— Monty (@MontyHall_) July 12, 2023Most funds outperformed the price of Bitcoin (BTC) in 2022. The report found:
"Crypto-hedge funds remain popular investment vehicles for investors seeking exposure to the crypto-asset market."
More than half of funds (54%) have operations in the United States, but these funds reacted no differently than others to US regulations, with 42% saying that these regulations should not have impact on them. Funds cited asset segregation (75%), financial audits (62%) and an independent statement of reserve assets (60%) as requirements they would like to see for trading venues.
>Tokenization doesn't seem to have made a big splash in the industry. Only 15% of funds plan to invest in tokenized securities, and only 4% of tokenized units in...
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