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Laxman Pai, Opalesque Asia: Almost half of institutional investors consider digital assets to be worthy of holding in portfolios, according to a survey commissioned by Fidelity Investments.
22% of survey respondents already have exposure to digital assets (including crypto funds) and 47% of institutional investors view digital assets as "having a place in their portfolio".
Of those that have exposure, most investments were made in the last three years, it said.
The United States-based asset management firm surveyed 411 U.S. institutional investors among which 40% of respondents said that they are open to future investments in digital assets in the next five years.
Most investors (72%) prefer to buy crypto investment products, while 57% prefer to buy crypto assets directly and another 57% prefer to buy an investment product that holds digital asset companies.
"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," said Tom Jessop, president of Fidelity Digital Assets in a press release.
Jessop added: "More institutional investors are engaging with digital assets, either directly or through service providers, as the potential impact of blockchain technology on financial markets - new and old - becomes more readily apparent."
On the negative side, price volatility, lack of regulatory clarity and a lack of fundamentals were seen as obstacles to...................... To view our full article Click here
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