There is a major shift in mainstream hedge funds’ investment in digital assets, according to Intertrust, a financial management institution. Intertrust conducted a survey with more than 100 CFOs from all over the world. The overwhelming majority (98 percent) expect their hedge fund to be invested within cryptocurrencies in five years.
About one in six respondents expect to invest at least 10 percent of their investment holdings in crypto and on average they expect to invest 7.2 percent. In North America, continental Europe and the United Kingdom, all respondents said they expect to invest at least 1 percent of their portfolio in cryptocurrencies. And in North America, on average hedge funds expect to invest 10.6 percent.
The survey results comes after a stellar performance from cryptocurrencies such as Bitcoin and Ethereum in the past year, and growing interest from institutional and retail investors in digital assets. Hedge funds will need to prepare for this change