A global survey by Alternative Investment Management Association (AIMA) and PwC shows that 55 % of hedge funds now hold cryptocurrency-related assets, up from 47 % last year, allocating on average 7 % of their portfolios. The trend reflects rising digital-asset prices in 2025 and shifting regulatory stance in the U.S., though most funds keep exposure under 2 %. The report also flagged risks tied to derivatives usage and institutional infrastructure as crypto becomes more integrated into mainstream finance.