2022-3-2 07:25 |
Company founder Ken Griffin has backtracked on his anti-crypto stance and wants his firm to offer digital assets to its clients this year.
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There are hundreds of them already in crypto, and that’s likely to go up and catalyze the industry.
This meant that over $1 billion worth of tokens called B-peg USDC – digital replicas of dollar-pegged stablecoin USDC – were uncollateralized despite Binance's claim that they were 100% backed.
There have never been more traditional hedge funds investing in crypto, but around two-thirds are still hesitant to enter the market, according to PwC’s 2022 Global Crypto Hedge Fund Report.
The volatility that has become synonymous with the crypto industry hasn’t deterred institutions from participating in it, as hedge funds investing in crypto are at an all-time high, according to PwC’s 2022 Global Crypto Hedge Fund Report.
Cryptocurrencies are no longer a fringe asset class like it was ten years ago after making their debut. However, wealth managers in Asia still view them with a measure of skepticism. The post Asian Funds Are Skeptical About Digital Assets Despite Growing Global Adoption appeared first on BeInCrypto.
A global survey of Chief Financial Officers has revealed that hedge funds are planning to hold 7% of their wealth in crypto within the next 5 years. Reuters has described the survey results as a major vote of confidence for cryptocurrency assets within the current market environment.