(NYSE: SQ), NVIDIA Corporation (NASDAQ: NVDA), Advanced Micro Devices, Inc. Some of the notable cryptocurrency stocks hedge funds are investing in include Mastercard Incorporated (NYSE: MA), PayPal Holdings, Inc. In August, cryptocurrency hedge funds gained 24% as the funds investing in digital assets delivered a solid 145% return to shareholders in 2021. However, the fluctuation in prices did not stop hedge funds to place bets on digital currencies. According to a report published by PWC, the total assets under management of global crypto hedge funds increased to $3.8 billion in 2020, up from $2 billion in 2019.Īs Financial Times reported, with the decline in prices in the digital currency this June, the crypto funds lost 10%. Hedge Fund managers Paul Tudor Jones, Alan Howard, and Izzy Englander were among the participants in the funding. Moreover, the exchange raised a record $900 million in Series B funding at an $18 billion valuation. FTX, a cryptocurrency exchange platform, has an average of $10 billion of daily trading volume as of July 2021. Over the past few years, hedge funds have been increasing their exposure to cryptocurrency. You can skip our detailed analysis of cryptocurrencies, and go directly to read the 5 Best Cryptocurrency Stocks To Buy According To Hedge Funds. In this article, we discuss the 11 best cryptocurrency stocks to buy according to hedge funds.
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