#cryptonews
Nearly half of traditional hedge funds now invest in cryptocurrencies, according to a survey published Thursday by the Alternative Investment Management Association and PwC.
This marks a significant increase from 29% in 2023, and 37% in 2022. This growth is driven by increased regulatory clarity and the launch of spot cryptocurrency ETFs in Asia and the US.
Seyffart and his boss, Eric Balchunas, gained prominence in the ETF space, particularly for their analysis of Bitcoin and Ethereum ETFs.
He also noted that the decision’s timing aligns with significant political events, such as Trump’s pro-crypto stance and bipartisan support for crypto-friendly legislation.