Funds with FTX exposure have 7% to 12% of AUM trapped: Report

2022/11/15 01:54

According to Blockworks, between 25% and 40% of cryptocurrency-focused hedge funds had some level of direct exposure to FTX or the exchange’s native token, FTT, according to a new research note. Crypto Fund Research CEO Josh Gnaizda said in an email sent to institutional investors that the hedge funds’ exposure to the beleaguered exchange has been on average between 7% and 12% of assets under management. “When the smoke clears, we expect the losses from crypto hedge funds and crypto venture funds directly exposed to the FTX collapse to have associated losses of well over $1 billion and possibly as much as $5 billion,” Gnaizda said.

2BearishLikeShare

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。