• The research revealed high level of institutional interes.
  • Investors admit that the technology is here to stay and prefre to explore its benefits.

Nearly half of surveyed institutional investors recognizes the benefits of having digital assets in their portfolios, and 22% of them already have them, the latest research by Greenwich Associates revealed.

Greenwich Associates, a global provider of the financial data, analytics and insights, prepared research for the Boston-based asset management firm Fidelity Investments. The company’s experts surveyed over 440 institutional investors in the US, including pension funds, family offices, cryptocurrency-focused and traditional hedge funds. They wanted to know how large financial companies and asset managers feel about digital assets as an investment instrument. 

The findings confirmed that large investors continued to explore the crypto universe, with 57% prefer direct investments, while 72% of the respondents consider the investment products based on digital assets.

Meanwhile, Fidelity Digital Asset Services LLC proceeds with the behemoth development of the recently launched cryptocurrency trading and custodial business.

“We’ve seen a maturation of interest in digital assets from early adopters, like crypto hedge funds, to traditional investors like family offices and endowments,” Tom Jessop, president of Fidelity Digital Assets commented.

He also noted that the company did not register the decline in the interest towards digital assets even though the research was made during the so-called crypto winter.

The vast majority of companies understand that cryptocurrencies and blockchain technologies are here to stay, that’s why they prefer to study this area.
“Many of them are approaching it from a different perspective, whether it’s asset allocation, or others looking at the fundamentals like network activity, a more quantitative approach. It’s healthy people bring different analytical lenses to the same subject,” Jessop commented.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD daily confluence detector shows healthy support level at $10,075

Bitcoin has had an overwhelmingly bearish day wherein its price dropped from $10,771 to $10,135, reaching a low of $9,856. Over the last 2 days, Bitcoin has canceled out the gains made by the bulls in the 5 days before that.

More Bitcoin News

Crypto market update: BTC falls below $10,000 as market plunges

Bears continue to have a stranglehold on the market as the cryptos bled for the third straight day. The top three coins experienced heavy losses over the last three days. LEO was the biggest loser among the top 20.

More Cryptocurrencies News

Ripple market overview: XRP/USD keeps sinking as bears retain control

XRP/USD has fallen from $0.266 to $0.265 in the early hours of Thursday. Over the last four days, the price of Ripple has fallen from $0.284 to $0.265. The hourly breakdown for Wednesday shows that the price fell from $0.274 to $0.26.

More Ripple News

Ethereum: Bulls try to end on a high following another overwhelmingly bearish day

Ethereum has ended up with a second bearish day in a row, wherein it fell from  $196.60 to $187. The hourly breakdown of the price shows that the price plummeted from $196.60 to $180 within 12 hours.

More Ethereum News


Bitcoin Weekly Forecast: Safe-haven or a high-yield asset? Bitcoin qualifies for both

The cryptocurrency market has been a mixed picture this week. Bitcoin attempted to settle above $12,000 practically every single day of the week...

Read the weekly forecast