The global trade association for alternative funds has called for action to address the banking challenges faced by crypto-focused hedge fund managers, citing systemic barriers that threaten innovation and US competitiveness.

A survey conducted by the Alternative Investment Management Association (Aima)  on 160 crypto hedge funds revealed that 75% have faced difficulties in accessing or growing banking services for their funds. In contrast, none of the surveyed traditional alternative investment managers reported similar issues. Additionally, 67% of crypto fund managers cited challenges with banking services for their management companies, raising concerns about financial inclusivity.

The report also found that 98% of crypto…