News Digest:

Several marquee hedge funds are learnt to be significantly scaling up their fledgling units focused exclusively on trading of cryptocurrencies, with most of these activities focused on transactions around futures and tokens – instead of options and “short” bets.

Takeaway:

Sources say that Brevan Howard, led by Alan Howard, started a crypto vehicle for external investors in January, aiming to wager on the pricing trajectory of digital currencies like bitcoin and ether, while Paul Tudor Jones’ Tudor Investment Corp. is going long cryptocurrencies as a hedge against soaring inflation.

End Notes

Source: https://www.wsj.com/articles/mainstream-hedge-funds-pour-billions-of-dollars-into-crypto-11646808223