Brevan Howard, a high-profile tens of billions hedge fund, recently received sensational news that they decided to enter the cryptocurrency market, and Howard generously invested US$84 million. This move triggered heated discussions in the industry, and people can't help but wonder how this traditional financial giant will make waves in the field of digital currency.

From tradition to modernity, the booming development of financial technology has forced traditional hedge funds to follow the trend and try to get involved in the cryptocurrency market. This move by Brevan Howard is undoubtedly a bold attempt to integrate traditional finance and digital currency, and it is also a subversive challenge to the market. This move is not only an investment of funds, but also confidence and future prospects for the cryptocurrency industry.

Brevan Howard chose to enter the cryptocurrency market at this point in time, undoubtedly because he took a fancy to the potential and growth space of the digital currency market. As the prices of mainstream cryptocurrencies such as Bitcoin and Ethereum continue to rise, the digital currency market has become a popular track for capital competition. As a giant in the financial industry, Brevan Howard's investment moves will undoubtedly have a huge impact on the entire industry.

It is worth mentioning that the reason why Brevan Howard chose to enter the cryptocurrency market at this time is not only optimistic about the future development potential of digital currency, but also because the risks and opportunities of the cryptocurrency market coexist. Compared with the traditional financial market, the digital currency market is more volatile and has higher investment risks. However, it is this high-risk and high-return characteristic that has attracted the attention of more and more investors.

With the addition of Brevan Howard, how will the cryptocurrency market change? This is undoubtedly a topic of great concern. The intervention of traditional financial institutions will bring more liquidity and funds to the digital currency market, and will also promote the industry to become more standardized and mature. At the same time, this also means that the digital currency market will face more regulatory and normative challenges. How to find a balance between risks and opportunities has become the focus of both the market and investors.

In general, Brevan Howard's entry into the cryptocurrency market is not only a collision between traditional finance and digital currency, but also an exploration of financial innovation and future development. This move will undoubtedly lead the entire financial industry to new heights and will also bring more choices and opportunities to investors. In this era of change, let us wait and see what kind of sparks the collision of tradition and innovation will create.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

According to a report by Bloomberg on Friday (16), Brevan Howard, an asset management company founded by hedge fund tycoon and British billionaire Alan Howard,
, is also rumored to be about to join the ranks of investing in cryptocurrency, with the investment amount likely to reach $84 million.

The report quoted people familiar with the matter as saying that Brevan, currently under the leadership of Aron Landy,
Howard will first invest up to 1.5% of its $5.6 billion fund in digital assets. The investment will be made by investment company Distributed
Johnny Steindorff and Tucker Waterman, co-founders of Global.

People familiar with the matter also described Brevan Howard's investment plan as an initial allocation, suggesting that the fund may further expand its investment scale. The report also pointed out that Brevan
Howard's plan is to bet on the growth of the value of digital assets as a whole, so the focus is not limited to Bitcoin. However, people familiar with the matter did not disclose the currency Brevan Howard is interested in.

As of press time, Brevan Howard had not responded.

Ten billion-level funds enter the market

Founded in 2002, Brevan Howard was once one of the largest hedge funds in the world. According to "Hedgeweek", Brevan
Howard managed more than $40 billion in 2013 and had assets under management (AUM) of about $10 billion as of September last year.

Alan Howard, co-founder of Brevan Howard, has invested in the cryptocurrency industry many times before. According to Bloomberg, Alan Howard recently acquired asset management company One
River holds as much as 25% of the shares (market value of US$2.5 billion), and the company’s digital asset management company One River
Digital invested more than $1 billion in Bitcoin and Ethereum (ETH) through Coinbase in January this year.

In addition, Alan Howard has been an investor in Distributed Global since 2018. People familiar with the matter pointed out to Bloomberg that Distributed
Global is cooperating with Singapore sovereign fund Temasek Holdings to operate a cryptocurrency venture capital fund, and the trading part is entirely through the venture capital firm Elwood Asset
Management, which was founded in 2018 by Alan Howard.

"The Block" reported that Alan
Howard also acquired a large stake in CoinShares, Europe's largest crypto asset management company, in March this year, with an investment of approximately US$61.5 million. CoinShares was founded in 2015, with an AUM of approximately US$4.64 billion. It was listed on the Swedish Nasdaq in March.

Market Reaction

Brevan
Howard joined the cryptocurrency investment bandwagon just as Coinbase listed on Nasdaq. Coinbase was officially listed on the evening of Wednesday (14th), hitting an intraday high of $428.94, exceeding the Nasdaq reference price of $250. The estimated market value is approaching $80 billion, creating the largest direct listing case.

The listing of Coinbase coincided with the entry of traditional large institutions, and the market also responded positively, especially Ethereum. CoinMarketCap data shows that Ethereum broke the $2,500 mark for the first time this morning, setting a new record of $2,548.29, with an increase of more than 16% in the past four days. As of writing, Ethereum was trading at $2,508, down 0.19% on the day.

Bitcoin hit a new high of $64,854 on the 13th and then retreated. It is currently hovering in the range of $62,500-63,500, down 0.05% during the day. The current market focus is on Dogecoin (DOGE), which has risen by more than 157% in the past four days to around $0.267.