Hedge funds plan to significantly increase their exposure to cryptocurrencies by 2026, a new survey shows, in a major vote of confidence for digital assets after recent large price falls and plans for punitive new capital rules. A survey of 100 hedge fund chief financial officers globally, conducted by fund administrator Intertrust, found that executives expect to hold an average of 7.2 per cent of their assets in cryptocurrencies in five years’ time.

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