These Institutional Investors with $3.5 Trillion in Assets Are Bullish on Crypto

2023-9-15 21:11

Institutional investors maintain a robust interest in crypto despite the prevailing sideways market. A survey by Nickel Digital Asset Management reveals that the recent price action has not deterred these investors.

The study, encompassing institutional investors and wealth managers from countries such as the United States, United Kingdom, Germany, Switzerland, Singapore, Brazil, and the United Arab Emirates, discovered that an overwhelming 92% of respondents consider crypto vital for diversified portfolios.

Institutional Investors Are Bullish on Crypto

The majority of respondents, who collectively oversee about $3.5 trillion in assets, recommend a moderate investment approach toward crypto. The research also portrays a promising horizon for the crypto industry.

Indeed, 62% of those surveyed anticipate a spike in crypto-focused fund launches in the coming year. Furthermore, 85% foresee the growth of tokenization in investment funds and asset classes over the subsequent three years, with a quarter predicting significant expansion in this segment.

While the sentiment remains optimistic, 96% of respondents underline the need for endorsement from major financial institutions. For 57% of them, such support is crucial before delving into crypto investments.

Read more: Crypto vs. Stocks: Where To Invest Your Money in 2023

Yet, alongside the fervor, institutional investors pinpoint several obstacles in accessing the crypto market. Over 50% voice apprehensions about market volatility. Meanwhile, 45% flag security concerns, and 40% confess their limited understanding. Regulatory uncertainties also persist, echoed by 34% of those surveyed.

Anatoly Crachilov, CEO and Founding Partner at Nickel Digital, shared insights on the survey’s results.

“Institutional investors are increasingly recognizing the benefits of including digital assets in their portfolios for diversification purposes. While opinions vary, the general sentiment leans towards a moderate role for digital assets, aligning with expert views on how they can enhance portfolio performance,” Crachilov said.

Bitcoin Price Performance Contextualized

Notably, Bitcoin’s trading value hovers around $26,000 — mirroring its mid-March figures. However, it has witnessed almost a twofold increase since the year’s onset.

This year’s dynamics predominantly revolved around two distinct rallies in January and February, accompanied by a substantial market shock in mid-August. Such trajectories seem to have minimally affected the sustained interest of institutional investors in digital assets.

Read more: Investors Want Backing From Traditional Finance to Invest in Crypto

Bitcoin Price Performance Year-to-Date. Source: TradingView

Nickel Digital Asset Management’s findings resonate with a prior survey by Laser Digital from June. Therein, 90% of participants expressed a greater propensity to invest in crypto if mainstream financial institutions were stakeholders.

This outlook elucidates the growing interest in Spot Bitcoin exchange-traded funds (ETFs). ETFs allow investors to tap into assets like Bitcoin without direct ownership. The SEC has deferred its verdict on several Bitcoin ETFs to October 17.

The participation of major institutions, like BlackRock and Fidelity, vying for SEC’s nod for their Bitcoin ETF, might further pique interest in crypto as a viable investment channel.

The post These Institutional Investors with $3.5 Trillion in Assets Are Bullish on Crypto appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

these crypto assets investors institutional overwhelming management

these crypto → Результатов: 126


Over 70% of Respondents say XRP Will see the Biggest Return in 2019, Survey

After several crashes in 2018, many have been left wondering which of these crypto startups would survive and which digital assets will keep from sinking to 0.  There’s no shortage of opinions regarding which of these coins will prove to be valuable and which become useless, but when a popular crypto personality and Twitter account […] The post Over 70% of Respondents say XRP Will see the Biggest Return in 2019, Survey appeared first on ZyCrypto.

2018-12-28 00:09


Фото:

Bitmain Reportedly Will Sack Up to 85 Percent of Workforce

The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days.

2018-12-27 21:20


Can Brave’s Basic Attention Token Take On Patreon?

Over the course of December, the crowdfunding platform Patreon became embroiled in controversy after executing a wave of user bans and attempting to make changes to its fee model. These decisions have driven away donors and recipients alike, and as former Patreon users search for an alternative, some members of the crypto community are proposing… The post Can Brave’s Basic Attention Token Take On Patreon? appeared first on UNHASHED.

2018-12-27 22:31


New Bloomberg Report Shows Wall Street Banks Shun Bitcoin, Distance Away from Crypto Markets

In a recent report released by Bloomberg, recognized Wall Street firms such as Goldman Sachs, Morgan Stanley or Barclays, are still far from launching crypto-related products. During 2018, several analysts believed that these institutions were going to release crypto-related products to the market as soon as in the first part of 2019. Nevertheless, these products […]

2018-12-24 21:31


CoinVantage Joins Picks & Shovels to Develop an Institutional Investor Crypto Asset Management System

According to multiple analysts in the crypto world, institutional investors stand to make a major impact in the flourishing (and survival) of the crypto world. While some platforms are making small efforts to bring them in, there are two first that have decided to collaborate in their efforts to make crypto-asset management easier on these […]

2018-12-22 09:31


Фото:

Bitmain IPO Suffers Major Setback as Hong Kong Regulator Declares Crypto Firms “Immature”

These are not the best of times indeed for Bitmain,  the world’s largest manufacturer of bitcoin mining equipment as Hong Kong’s stock market regulator, HKEX has made it clear that it would not approve the initial public offering (IPO) applications of DLT-linked firms until the region formulates a robust regulatory framework to govern its blockchain technology and cryptocurrency space, reported.

2018-12-22 00:00


Facebook makes the much anticipated dive into Crypto, a stablecoin backed by WhatsApp is currently in the works

Insiders sources have recently revealed that the leading social media platform Facebook, is currently expanding its structure with a major dive into the world of cryptocurrency. As reported by Bloomberg, the social media giant is making plans to incept cryptocurrencies into its messaging application WhatsApp.

2018-12-21 14:24


Despite undergoing a lower rate of Cryptocurrency adaptation, illegal Crypto Mining is a big business in Africa

Africa (countries in Africa) just like many other countries are still yet to fully adopt the technology of cryptocurrency and the major reason for this can be traced down to law enforcement organizations who are still uncertain on what to categorize cryptocurrencies as and where exactly the digital currencies fall into.

2018-12-20 23:38


“Don’t put your BTC in Freewallet, they hold funds on you randomly”, enraged crypto user warns against using Freewallet for storage

Exchanges and wallets take the business of securing trading affairs and user tokens with utmost importance. But when these platforms fall short of expectations leading to risk in the security of user funds, these users are quick to point out these shortcomings, using their experience as a guide for other traders.

2018-12-19 14:48


Press Release: A New Digital Currency And Exchange Aims to Revolutionize The Way Small Investors View Crypto Assets

It has been a while when digital currencies are becoming popular amongst the traders. However, if you dig a little the percentage of small and retail investors amongst these traders... The post Press Release: A New Digital Currency And Exchange Aims to Revolutionize The Way Small Investors View Crypto Assets appeared first on Trustnodes.

2018-12-14 21:01


Finland Tip-Off Sends Denmark Tax Agency After 2,700 Individuals For Bitcoin (BTC) Tax Debts

A Tip-Off From Finland Sends Denmark Tax Agency After 2,700 Individuals For Tax Debts Against Bitcoin Regulatory concerns have been part of the crypto industry more commonly for the last few years, and multiple countries are looking to figure out how to integrate these assets into their economy. One of the biggest issues for Denmark […]

2018-12-12 22:15


In Bear Market, Korea’s Biggest Crypto Project ICON Showed Solid Progress

A goodbye note from Deblock’s now-former Head of Research revealed the progress of their ICON blockchain project in all these months. And they looked extremely positive. As he left the company to pursue his startup, Markus Jun noted ICON as one of the very few blockchain projects that showed significant accomplishments despite staying inside a.

2018-12-11 03:00