Traditional funds consider boosting crypto exposure amid low returns

Some traditional funds, including foundations, are considering increasing their allocation to cryptocurrencies as expected returns from traditional financial assets decline, CoinDesk reported. At the iConnections conference in Miami on Feb. 24, chief investment officers from various investment firms agreed that the strategies that drove profits over the past decade may not be effective in the next. They noted that stock valuations are high, credit spreads are near all-time lows, and the private investment market is approaching saturation. In response, endowments from top U.S. universities like Yale and Harvard have been indirectly investing in crypto for several years, and the launch of spot crypto ETFs in the U.S. has simplified the investment pathway for these funds.