Fun

News Feed - 2023-07-13 04:07:00

Derek Andersen4 hours agoPwC hedge fund survey finds crypto remains viable despite recent market turmoilThe portion of traditional hedge funds investing in crypto fell, but many of those still in the market plan to increase crypto investing this year.1024 Total views49 Total sharesListen to article 0:00NewsJoin us on social networksPwC released its fifth annual global crypto hedge fund report on July 12 based on surveys of crypto-native and traditional hedge funds conducted in the first quarter of 2023. Against the backdrop of the recent crypto winter and continuing regulatory uncertainty in the United States and elsewhere, the report found a rather positive outlook among the funds.


Crypto-native hedge funds are “working towards achieving a new industry dynamic which centres around rebuilding confidence and making their needs heard,” and nearly all of them (93%) expect the market cap to rise over the year, the report found. The majority of them (53%) reported no exposure to FTX or the Terra Luna ecosystem.imagine paying your crypto hf 2% comish on this performance

per pwc 5th annual hf report pic.twitter.com/TJk1cf7CKw— Monty (@MontyHall_) July 12, 2023


Most of the funds performed better than 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 the funds (54%) have operations in the U.S., but those funds did not respond differently from others to U.S. regulations, with 42% saying those regulations are not expected to impact them. The funds listed segregation of assets (75%), financial audits (62%) and an independent statement of reserve assets (60%) as requirements they would like to see for trading venues.


Tokenization seems not to have made a big splash in the sector. Only 15% of funds are considering investing in tokenized securities, and only 4% tokenize units in their own funds.


Related: Crypto custody market reached $448 billion in 2022: Report


The portion of traditional hedge funds that invest in crypto fell from 37% in 2022 to 29% in 2023. Of the funds still investing in crypto, 62% hold less than 5% of their assets under management in crypto and only 8% hold more than 20% in crypto. Forty-six percent of those respondents said they would increase crypto investing this year, down from 67% last year. None of them said they would decrease their capital levels deployed in crypto.


Among the funds not investing in crypto, “client reaction or reputational risk” has overtaken “regulatory uncertainty” as the main reason, but 40% said that the removal of regulatory barriers would not move them to begin investing in crypto.


PwC partnered with alternative asset manager CoinShares to survey 131 crypto-native funds. The Alternative Investment Management Association obtained data from 59 traditional hedge funds for that section.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine: What really goes on at a crypto OTC desk?# Cryptocurrencies# Business# Bitcoin Price# Hedge FundAdd reactionAdd reactionRelated NewsWhat are fan tokens, and how do they work?BlackRock Bitcoin ETF could unlock $30 trillion worth of wealth, Bloomberg analyst says3AC liquidators look to recoup $1.3B from foundersBitcoin bull run incoming: Binance CEO Changpeng Zhao reveals whenBitcoin halving bullish for Saylor’s MicroStrategy: Berenberg CapitalPrice analysis 7/12: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT

News Feed

David Attlee3 minutes agoKenyan lawmakers ask local Blockchain Association to come up with crypto billKenya might become the first country in the world where the industry’s representatives would develop the regulatory
Nigerian High Court dismisses Binance exec’s suit over detention
Derek Andersen5 hours agoNigerian High Court dismisses Binance exec’s suit over detentionNadeem Anjarwalla escaped prison and traveled to Kenya, and his colleague will press his rights claims in court next month.1251 T
Binance Suspends Ethereum and ERC-20 Token Withdrawals Before Quickly Reversing Course
Binance Suspends Ethereum and ERC-20 Token Withdrawals Before Quickly Reversing Course The rollercoaster-ride in cryptocurrency prices on Monday was accompanied
No Backdoor on Human Rights: Why Encryption Cannot Be Compromised
No Backdoor on Human Rights: Why Encryption Cannot Be Compromised In April 2019, the UK issued an Online Harms White Paper to announce its campaign to rein in “harmful spee
South African Government to Add Crypto Entities to ‘List of Accountable Institutions’
South African Government to Add Crypto Entities to "List of Accountable Institutions" According to the South African government, crypto entities — or businesses whose activities
Banking Giant HSBC Files Trademarks for a Wide Range of Digital Currency and Metaverse Products
Banking Giant HSBC Files Trademarks for a Wide Range of Digital Currency and Metaverse Products Banking giant HSBC has filed trademark applications with the United States Patent an
Web3 game Wilder World gets Epic Game Store listing during alpha testing
Tristan Greene7 hours agoWeb3 game Wilder World gets Epic Game Store listing during alpha testingThe makers of Wilder World claim that it will be the “ultimate game” by combining popular genres into a single experien
Brayden Lindrea5 hours agoBinance completes integration of Bitcoin Lightning NetworkThe news comes less than a month after Binance announced their plans to integrate Bit Lightning Network.4690 Total views72 Total sharesL
Bitcoin At $200,000 By 2025? Bernstein Predicts Target Despite Election Impact
Este artículo también está disponible en español. Less than a day before the polls closed in the United States, crypto analysts continued to offer their two cents on the
Axion’s Launch is Going to Make Crypto-Believers out of Mainstream Investors
Axion"s Launch is Going to Make Crypto-Believers out of Mainstream Investors This month, a new cryptocurrency project called the Axion Network will achieve a maj
Why is Cardano (ADA) price up today?
Nancy Lubale3 hours agoWhy is Cardano (ADA) price up today?Steady network growth and Charles Hoskinson’s network update are boosting Cardano’s prices at the start of this week.668 Total views13 Total sharesListen to
Indian Government Reveals 11 Crypto Exchanges Investigated for Tax Evasion, $13 Million Recovered
Indian Government Reveals 11 Crypto Exchanges Investigated for Tax Evasion, $13 Million Recovered The Indian government has revealed that 11 cryptocurrency exchanges have been unde