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.

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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 bitcoin have launched this year, bringing the total number of such ‘crypto-funds’ to 124.”

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