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Laxman Pai, Opalesque Asia: Nearly six-in-10 (58%) of institutional investors were invested in digital assets in the first half of 2022-a 6% increase from the year before. And, 74% of institutions said they were planning to buy digital assets in the future, said a study.
According to the fourth annual Fidelity Digital Assets Institutional Investor Digital Assets Study, while turbulent market conditions may have impacted some institutional investors' impression of digital assets, the trend points to continued interest in the digital assets space overall.
While digital assets ownership is higher among respondents in Asia (69%) than in Europe (67%) or the U.S. (42%), Europe saw an 11-point increase in ownership, while the U.S. saw a nine-point increase in ownership, since 2021.
In both regions, the uptick was driven largely by high-net-worth investors, as well as financial advisors in Europe. Globally, digital asset usage is highest among high-net-worth investors (82%) alongside crypto hedge funds and venture capital funds (87%), and financial advisors (73%).
According to the study, almost nine-in-10 institutional investors surveyed (88%) find characteristics of digital assets appealing, representing an increase of five points among U.S. institutional investors and two points in Europe, while holding steady in Asia.
Respondents noted high potential upside; innovative tech play; and enabling decentralization as the most appealing features of digital assets. ...................... To view our full article Click here
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