Barron's magazine featured a "value investor" Murray Stahl in Nov 2017 on why he bought bitcoin:
https://www.barrons.com/articles/q-a-why-a-value-investor-decided-to-buy-bitcoin-1511810246

Bill Miller boasted about how half of his fund was in bitcoin.

The pressure of keeping up will push other managers to follow these leaders. The big money will necessarily move into Bitcoin and Ethereum because those have the largest network effects and brand name.