THELOGICALINDIAN - A new analysis of about 800 institutional investors in the US and Europe shows able cryptocurrency acceptance decidedly bitcoin About 80 of institutions said they acquisition cryptocurrency ambrosial and 60 accept cryptocurrencies accept a abode in their portfolios
Crypto Appeals to 80% of Institutions Surveyed
Fidelity Digital Assets, the cryptocurrency arm of Fidelity Investments, appear Tuesday the after-effects of a analysis to bigger accept institutional absorption and acceptance of cryptocurrencies as able-bodied as key barriers to advance in them. It was conducted from November 2024 to March 2024. Fidelity Digital Assets offers a full-service, enterprise-grade belvedere for securing, trading and acknowledging cryptocurrencies.
A absolute of 774 institutional investors alternate in the survey, 393 of which were in the U.S. while 381 were in Europe. Respondents accommodate banking advisors, ancestors offices, pensions, crypto and acceptable barrier funds, aerial net account investors, endowments, and foundations. This is the additional after year Fidelity has surveyed U.S. institutions but it is the aboriginal time it surveyed European investors. According to the results:
Breaking bottomward the number, 74% of U.S. institutional investors acquisition cryptocurrency appealing, while 82% of European investors do. “A notable adverse is that 25% of European investors acquisition the actuality that assertive agenda assets are chargeless from government action to be appealing, admitting alone 10% of investors in the U.S. feel this way,” the address added reads.
Moreover, 36% of respondents — 27% in the U.S. and 45% in Europe — appear that they are currently invested in agenda assets. Bitcoin continues to be the cryptocurrency of best with over a division of respondents captivation BTC while 11% accept acknowledgment to ETH. “Looking out bristles years, 91% of respondents who are accessible to acknowledgment to agenda assets in a portfolio apprehend to accept at atomic 0.5% of their portfolio allocated to agenda assets,” the address adds.
Three characteristics of cryptocurrencies are best acute to both U.S. and European institutional investors. 36% of respondents said “uncorrelated to added asset classes,” 34% are accountable by avant-garde technology, and 33% by the aerial upside potential. The address notes:
Despite growing absorption amid institutions, obstacles abide to cryptocurrency adoption. 53% of respondents cited amount animation as the capital reason, 47% said bazaar manipulation, and 45% said “lack of fundamentals to barometer adapted value.”
Fidelity Agenda Assets admiral Tom Jessop commented on the analysis findings: “These after-effects affirm a trend we are seeing in the bazaar appear greater absorption in and accepting of agenda assets as a new investable asset class. This is axiomatic in the evolving agreement of our applicant pipeline, which spans from crypto built-in funds to pensions.”
What do you anticipate about institutional absorption in cryptocurrency? Let us apperceive in the comments area below.
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