According to a survey conducted by Intertrust among hedge funds worldwide with an average of $7.2b in assets under management and unveiled by the Financial Times, within 5 years US-based hedge funds will hold as much as 10.6% of all crypto assets in the market, a percentage currently worth $312 billion.
However, the number of European and British funds holding crypto is also significant, as the survey suggest they will hold about 6.8% of all crypto assets within the same period of time.
These figures should not be a surprise, since some prominent fund managers, including Paul Tudor Jones, Anthony Scaramucci, CEO of SkyBridge Capital, and Alan Howard, co-founder of asset manager Brevan Howard, have previously given their support to the asset. Notably, Brevan Howard has recently in 2 digital asset startups.
In addition, more and more companies are showing their interested in showing their own cryptocurrency funds, following the example of Grayscale and Bitwise.