Majority of institutional investors ready to buy digital assets, study says

Majority of institutional investors ready to buy digital assets, study says


New data shows that institutional investors’ interest in cryptocurrencies and crypto-related businesses is continuing to grow. 

Fidelity Digital Assets, the crypto arm of the global asset management giant Fidelity Investments Inc, tasked Coalition Greenwich to survey 1,100 institutional investors to understand their expectations regarding digital asset investments.

The majority of surveyed investors expected to invest in digital assets in the future.

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The survey was conducted between December 2020 and April 2021 with the participation of high net worth investors, family offices, digital and traditional hedge funds, financial advisors and endowments, Reuters reported.

The definition of digital asset investment defined by the survey team included investing in cryptocurrencies directly, buying crypto-related company stocks, or exposure through other investment products.

Some 70% of participants expect to invest in digital assets within the next five years. Nine in 10 of those interested in investing foresee their company’s or their clients’ portfolios to add digital assets within the same time window.

Related: Fidelity to hire more crypto

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