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Traditional Hedge Funds' Crypto Exposure Declines, but Long-Term Outlook Remains Positive: PwC Report

A new report by PwC has found that the proportion of traditional hedge funds investing in crypto assets has decreased in the past year, with only 29% of funds having crypto exposure compared to 37% in 2022. However, no traditional hedge funds plan to decrease their exposure this year.

The report also found that more than a third of funds without crypto exposure are curious but are waiting for the asset class to mature further, and 54% said they are unlikely to invest in the next three years. Despite regulatory uncertainty, investment in crypto-assets is expected to remain strong in 2023, according to Jon Garvey, PwC United States' global financial services leader.

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