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In the week ending August 30th 2024, Bitcoin ETFs are increasingly being held by hedge funds, mutual funds, and other institutional investors, easing concerns that the cryptocurrency asset would remain a fringe investment, said a survey. According to the recent survey from asset manager Bitwise Asset Management, the number of institutional investors holding bitcoin ETFs rose 14% in the second quarter, to 1,110 from 965. The exchange-traded funds reached more big firms despite a 12% drop in bitcoin's price during the second quarter of 2024.

Meanwhile, hedge funds want experts in machine learning and AI as new trading strategies take off - Hedge funds are ready to spend big bucks on PhDs again as machine learning and AI drive demand for new trading strategies. After a wave of hiring in the 1980s, quantitative trading is undergoing another revolution, with top investors hunting for talent that can keep up with the march of technology.

In new launches, Hilbert Capital, the asset management division of Hilbert Group AB has entered into a strategic partnership with Xapo Bank to manage a newly-established Bitcoin-denominated hedge fund; CenterOak Partners, a Dallas-based private equity firm, has closed CenterOak Equity Fund III on $1.1 billion - the fund hit its hard cap within six months of launch, and G Squared, a growth-stage venture capital firm, has closed its sixth fund at $1.1 billion - the fund will primarily be dedicated to G Squared's secondaries strategy.

Meanwhile, CCS Partners, a......................

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