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<ul class="wp-block-list">
 <li>47% of the traditional hedge funds have exposure to cryptocurrencies.&nbsp;</li>
 <li>Out of 100 hedge funds, 42% were focused on traditional assets.</li>
</ul>
The hedge funds have focused on traditional asset classes and have exposure to the cryptocurrency market. Approximately 50% of the hedge funds have allocated capital to digital assets, marking an increase compared to previous years.&nbsp;
Reportedly, 47% of the hedge funds invested in traditional asset classes have ventured into cryptocurrencies in 2024, up from 29% in 2023 and 37% in 2022.&nbsp;
It was driven by more defined regulatory frameworks and the launch of spot cryptocurrency ETFs in the United States and Asia.&nbsp;
Moreover, 67% of these funds intend to keep the current capital in digital assets. Meanwhile, the remaining 33% are to increase capital allocation by the end of 2024.
All the hedge funds are not involved in the digital asset space, as per the survey. Around 76% of hedge fund managers who are currently not invested in cryptocurrencies will continue not to invest in the asset class over the next three years. The figure has risen from 54% in 2023. Besides, two-thirds of the traditional hedge funds have no plans to include spot <a href="https://thenewscrypto.com/investment-advisors-boost-btc-etf-holdings-amid-focus-shift/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> in their digital asset strategies.
On the other hand, 42% of the 100 hedge funds were focused on traditional assets. The remaining 58% were invested in cryptocurrencies. The survey was conducted in the second quarter of 2024.&nbsp;
<h3 class="wp-block-heading" id="h-evaluating-the-market-performance">Evaluating the Market Performance&nbsp;</h3>
The crypto market cap has drastically increased over the past year. In October 2023, the overall market cap was staying at $1.06 trillion. At press time, it has increased to $2.13 trillion. Meanwhile, the market cap breakdown observed over the past year for <a href="https://thenewscrypto.com/is-bitcoin-btc-price-facing-a-persistent-downward-pressure/" target="_blank" rel="noopener noreferrer nofollow">BTC</a> was marked at $1.23 trillion and ETH at $293 billion. Whereas stablecoins and other tokens <a href="https://coinmarketcap.com/charts/" target="_blank" rel="noopener noreferrer nofollow">stayed</a> at $165 billion and $478 billion, respectively.&nbsp;
In addition, the largest cryptocurrency, Bitcoin (<a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>), reached its all-time high in March. Currently, the asset trades at $61K, with its trading volume staying at $28.35 billion, gaining over 8% over the last 24 hours.&nbsp;
Highlighted Crypto News&nbsp;
<a href="https://thenewscrypto.com/how-the-fbi-initiated-its-crypto-token-operation-to-bust-fraud/" target="_blank" rel="noopener noreferrer nofollow">How the FBI Initiated Its Crypto Token Operation to Bust Fraud?</a>

Crypto Captivates 47% of Hedge Funds Worldwide

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