Mon, Dec 5, 2022
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Pension funds/wealth managers/professional investors see the end of the Crypto winter

Wednesday, September 28, 2022
Opalesque Industry Update - According to new research from London-based Nickel Digital Asset Management (Nickel Digital), Europe's leading regulated and award-winning digital assets hedge fund manager founded by senior traders and investment professionals formerly from major financial institutions including Goldman Sachs and JPMorgan, institutional investors and wealth managers are starting to become more optimistic about the crypto market.

Nickel commissioned research with 200 professional investors from across seven countries who collectively manage around $2.2 trillion in assets and found more than two out of three (67%) believe the current crypto winter is either over or has less than six months to run.

Its study found 9% believe the bear market in cryptocurrencies and digital assets is over while 58% say it will end within six months at the latest.

They have been buoyed by the recent performance of Bitcoin which has rallied from previous lows and more than a fifth (21%) questioned believe valuations will start to rise over the next six months with another 6% saying there will be no further declines in valuations.

However, the research shows professional investors are still expecting some volatility over the next six months while the crypto winter starts to ease as the table below shows.

Not all professional investors surveyed are optimistic about the crypto and digital asset market in 2023, the research found. Around 27% questioned expect the bear market to last up to a year from now while 7% expect it to last more than a year.

Fiona King, MD at Nickel Digital, said: "The recent relative stability hoovering around lows first hit three months ago provided some respite for the market and that is reflected in the return of some confidence among professional investors. Invesco has recently been quoted predicting a Crypto Spring which would spur professional investors back into digital assets."

Anatoly Crachilov, CEO at Nickel Digital, added: "It is a well-grounded long-term optimism. Investors acknowledge that the ongoing crypto winter still has some way to run but there is also a recognition that, if history is any guide, once the winter ends these high-beta markets will stage strong recovery."

Nickel Digital Asset Management is a London-based FCA authorised and regulated investment manager that offers a range of digital asset strategy solutions for institutional investors. Its mission is to provide a gateway for traditional investors into the digital assets market across a broad range of risk profiles.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Marks delves into what really matters[more]

    B. G., Opalesque Geneva: Howard Marks, co-founder and co-chairman of Oaktree Capital Management, weighs what should and should not matter for investors in his latest memo last week. Among the things t

  2. Legal: British fund manager Jeremy Leach and his firms settle fraud litigation for $11.5m, DOL slams lawsuit seeking to overturn crypto guidance[more]

    British fund manager Jeremy Leach and his firms settle fraud litigation for $11.5m From Offshore Alert: Four days before a trial was due to start in the Cayman Islands, British fund manager Jeremy Leach and eight of his firms settled a fraud complaint by agreeing to pay $11.5 million o

  3. Family offices upbeat on private assets, reduce public assets exposure[more]

    Laxman Pai, Opalesque Asia: Family offices are investing more in private assets and cutting back on investments in public markets, with higher risk-adjusted returns cited as the main driver, said a study. According to the survey findings by German digital private equity firm Moonfare, and the

  4. Opalesque Exclusive: A Swiss managed futures strategy that can offer diversification to any portfolio[more]

    B. G., Opalesque Geneva for New Managers: TARO (R) Diversified is a Swiss algorithmic and systematic investment strategy that offers diversification benefits to almost any professionally managed portfolio through it

  5. Alts manager Medalist Partners acquires a minority stake in Semper Capital to tap opportunities in structured credit[more]

    Laxman Pai, Opalesque Asia: Medalist Partners, which specializes in private credit, has acquired a minority stake in Semper Capital to extend its offerings to the mass market. Medalist currently manages approximately $2.2 billion in assets across strategies in asset-based private credit, struc