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Laxman Pai, Opalesque Asia: The overwhelming majority of investors are interested in digital assets, said a study.
A survey conducted by asset-management giant Fidelity said that some 4 out of 5 institutional investors find "something appealing" about digital assets, but resistance remains when it comes to adopting them.
"Digital assets are gaining in favorability and appeal amongst institutional investors, with almost 80% of investors surveyed finding something appealing about the asset class," it said.
The research, which surveyed nearly 800 institutional investors, found that 36% of respondents - 27% in the U.S. and 45% in Europe - are currently invested in digital assets.
In 2019, 22% of U.S. investors had allocations to these assets. Moreover, 59% of those currently invested do so directly, up from 55% in 2019. Corresponding European figures were not provided.
36% of respondents (27% in the U.S. and 45% in Europe) say they are currently invested in digital assets. The survey revealed higher penetration with crypto hedge and venture funds, as expected, but also the financial advisor, high net worth individual and family office segments.
Of all U.S. and European investors who have exposure to digital assets, over 60% buy digital assets directly. Fifty-nine percent of U.S. investors who currently invest are invested directly, up from 55% in the 2019 survey.
The survey also finds that Bitcoin continues to be the No.1 choice with...................... To view our full article Click here
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