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Hedge funds pile into crypto trading as volatility surge lures new players

Huge returns from the recent surge in volatility have lured hedge funds to pile into crypto. It's a risky bet

It's been a rollercoaster few years for crypto investors. Yet hedge funds see the return of riskier, rockier markets as a prime opportunity to pile in.

Even before yesterday's Bitcoin "halving," an event designed to keep inflation of the 11-year old cryptocurrency in check, hedge fund managers had begun taking cryptocurrencies more seriously, Stuart MacDonald, managing partner at corporate financiers Bride Valley Partners, told Financial News.

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