Global hedge funds' exposure to crypto markets is increasing, and more than half are now invested in the sector, with the U.S. government's embrace of digital assets boosting interest, according to an industry report published on Thursday. Fifty-five percent of hedge funds hold some crypto-related assets, up from 47% the year before, with funds allocating on average 7% of their holdings to crypto, a survey of 122 investors and fund managers by the Alternative Investment Management Association (AIMA) in the first six months of 2025 found.