A game-changing shift is under way as roughly half of U.S. and European asset managers are embracing digital asset custody, says CKC.Fund in a report. Despite regulatory concerns, many experts including CKC.Fund contend that institutional crypto markets are on the brink of a revolution.
In 2023, Reuters covered how hedge funds investing in the digital asset space enjoyed outsized capital inflows. Still, overall supply remained limited. PwC revealed that only 29 percent of traditional hedge fund managers invested in digital assets in 2023. The groups that did invest (primarily emerging crypto fund managers or those holding modest crypto positions), constituted only a small fraction compared to the trillions of dollars that hedge funds typically allocate to traditional assets.
Nonetheless, bitcoin (BTC) exhibited higher returns than