Funds pour into crypto, managers boost holdings
EY poll in UK finds that 31% of hedge fund managers, 13% of private equity managers plan to add cryptocurrencies to their portfolios in next 1 to 2 years
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FUNDS have poured into Bitcoin and other cryptocurrencies in recent weeks despite the slump from their November highs.
Cryptocurrencies have proved to be highly volatile, complex and risky assets, but hedge fund and private equity managers stated in a recent EY survey that they intend boosting their holdings substantially.
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