Growing appetite of institutional investors for digital assets, including cryptocurrencies.

Growing appetite of institutional investors for digital assets, including cryptocurrencies.
New data show a growing interest of institutional investors in cryptocurrency and cryptocurrency-related businesses.
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Fidelity Digital Assets, the cryptocurrency arm of global asset management giant Fidelity Investments Inc, commissioned Coalition Greenwich to conduct a survey of 1,100 institutional investors to understand their digital asset investment expectations.

Most of the surveyed investors made it clear that they would invest in digital assets in the near future.

According to Reuters, the survey was conducted in the period from December 2020 until April 2021 with high net worth investors, family businesses, digital and traditional hedge funds, financial advisers and foundations.

The definition of investment in digital assets defined by the research team included investing directly in cryptocurrencies, buying stocks of cryptocurrency-related companies, or exposure through other investment products.

About 70% of participants expect to invest in digital assets over the next five years. As many as 9 out of 10 people interested in investing predict that their clients will also add digital assets to their investment portfolio.

Fidelity Digital tries to keep up with the institution’s interest in digital resources. It is said in the market that the company has increased its workforce by around 70% to cope with the growing appetite of institutional investors.

Grayscale is another player in the institutional investment game. In addition to cryptocurrencies such as Bitcoin (BTC) or Ethereum (ETH), the digital asset management company also plans to enter the world of decentralized finance (DeFi).

Yesterday, Grayscale announced a new investment vehicle targeting DeFi assets.

21-07-2021, Mr Advice TEAM

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