Hedge funds and registered investment advisors (RIAs) have significantly increased their investments in Bitcoin, showcasing a notable trend in the financial sector. With a total investment reaching $34.3 billion, this represents an impressive growth of 357% in 2024.

Despite this surge in investment, Bitcoin currently accounts for less than 1% of its potential $225 trillion addressable market. This indicates that while there is a growing interest and adoption among traditional financial institutions, there remains substantial room for further growth in the cryptocurrency market.

• Investment by hedge funds and RIAs has reached $34.3 billion.
• This marks a 357% growth in 2024.
• Bitcoin represents less than 1% of its potential market.
• There is significant potential for further growth in the cryptocurrency sector.

📎 Related coverage from: cryptoslate.com