ETC Group: Hedge Funds' Bitcoin Exposure at 2020 Low
Swathi Kashettar
Hedge funds have scaled back their Bitcoin exposure to just 0.37 over the past 20 trading days
Historical Low: This level of exposure is the lowest recorded since October 2020, marking a cautious stance from hedge funds towards Bitcoin
The reduction in exposure reflects a broader sentiment of caution within the crypto market, possibly due to volatility or regulatory concerns
The decrease suggests a strategic shift by hedge funds, potentially indicating a move towards risk aversion or diversification of assets
Despite the current low exposure, ETC Group's investment thesis highlights Bitcoin's scarcity and its role as a hedge against inflation and economic volatility