"Half of US Hedge Funds Hold Virtual Assets... Expected to Act as the Next Catalyst for Growth"
Doohyun Hwang
- It is expected that half of US hedge funds holding virtual assets will act as a catalyst for the next rise.
- The reasons for hedge funds increasing their exposure to virtual assets include the launch of spot ETFs and the resolution of regulatory uncertainties.
- Several hedge funds, including Pantera Capital, are emerging as major players in the virtual asset market.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
An analysis has emerged suggesting that the entry of US hedge funds into the virtual asset (cryptocurrency) market will act as the next catalyst for growth.
On the 26th (local time), Cointelegraph reported that "about half (47%) of US hedge funds currently hold virtual assets. This is not just a passing trend," predicting this outcome.
The reasons cited for hedge funds actively increasing their exposure to virtual assets include the launch of spot virtual asset ETFs and the resolution of regulatory uncertainties due to the enactment of the European Union's comprehensive virtual asset legislation 'MiCA'.
The media stated, "Hedge funds are reshaping the virtual asset market. They will emerge as major players shaking up the virtual asset market through significant investments." Hedge funds currently actively pursuing exposure to virtual assets include Pantera Capital, Morgan Creek Digital, BH Digital, Galaxy Digital, and Multicoin Capital.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀PiCK News
US January ISM Non-Manufacturing PMI 52.8…"Below Expectations"
3 hours ago
US January Service PMI Final at 52.9, Slightly Exceeds Market Expectations
3 hours ago
US Job Market Starts Strong This Year... Will Fed's 'Cautious Rate Cut' Gain Momentum?
3 hours ago
U.S. January ADP Nonfarm Employment at 183,000... Far Exceeds Wall Street Expectations
4 hours ago
Today, Major Exchanges See Inflow of 130 Billion USDC... "4 Times the Average Annual Daily Inflow"
6 hours ago
Ranking News