A global study released on 6 November 2025 by the Alternative Investment Management Association (AIMA) found that over 50 % of hedge‑fund managers currently hold cryptocurrency assets, with the total assets under management in hedge funds reaching nearly US$5 trillion in Q3 2025. The survey flagged elevated use of leverage and inadequate institutional‑grade infrastructure as key risks, citing a flash‑crash in October as evidence of structural fragility. The findings point to growing crypto‑market integration into mainstream finance, heightening regulatory, risk‑management and macro‑stability concerns.