Wall Street Hedge Funds Rush to Cryptocurrencies, 90 Bitcoin-Like This Year Alone

Wall Street Hedge Funds Rush to Cryptocurrencies, 90 Bitcoin-Like This Year Alone

Autonomous Next , a leading financial technology (fintech) research provider, disclosed to CNBC how 124 hedge funds are invested in crypto assets such as bitcoin. With over 2 billion USD under management, it appears, despite some well-documented Wall Street naysayers, the world’s most popular cryptocurrency is convincing money managers the time is right to invest. Also read: Hedge Funds Investing in Cryptocurrencies ‘Exploding’ – 62 in Pipeline Crypto Hedge Funds Now at 124 and Counting Evelyn Cheng of CNBC reports that leading U.K.-based independent fintech research company, Autonomous Next, claims “more than 90 funds focused on digital assets like […]