Oddbean new post about login | logout Over 50% of US hedge funds have exposure to Bitcoin as BTC crushes stocks in 2024: https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1717586584715-YAKIHONNES3.jpg Over half of the top American hedge funds have disclosed exposure to newly launched spot Bitcoin exchange-traded funds (ETFs) in a year, as BTC/USD has significantly outperformed major stocks and indexes.
over half of the top American hedge funds have disclosed exposure to Bitcoin exchange-traded funds (ETFs) in the first quarter of 2024. Out of the top 25 US hedge funds, 13 of them had owned Bitcoin ETFs by the end of Q1 2024 . This trend indicates that US firms, including hedge funds and corporations, have become more confident in treating Bitcoin as a viable asset for diversification and hedging against traditional market risks
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