Fidelity: 22% of Institutional Investors Engaged in Digital Assets
Financial company Fidelity Investments conducted a survey among institutional investors and found that 22% of them are already working with digital assets, while 40% are ready to join this market within the next 5 years. Investors from the first group entered the market mainly in the last 3 years.
The survey aimed to build an understanding of how large organizations and financial advisors view digital assets in the context of their investment portfolios. 57% prefer to invest money directly, 72% consider derivative investment products.
More than 400 US institutional investors participated in the survey, including pension funds, family wealth management firms, cryptocurrency and traditional hedge funds..
“We are seeing a maturation of interest in digital assets from both early adopters such as cryptocurrency hedge funds and traditional institutional investors in including family wealth management firms and endowment funds, said Tom Jessop, president of Fidelity Digital AssetsSM. – An increasing number of institutional investors are being drawn into this space, either directly or through service providers. The potential impact of blockchain technology on financial markets – new and old – is becoming more evident. “.
High volatility, unclear regulation and weak fundamentals were cited as factors that deter such investors from the digital asset market..
“Price volatility is the biggest concern among the participants survey, however, it may decline as the custody, trading and financial infrastructure develops in a direction familiar to participants in traditional markets, ”added Jessop..
In March, Jessop said that hard forks could prevent cryptocurrencies from listing on their platform, citing Ethereum as an example..
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