Most institutional investors expect to buy digital assets, study finds By Reuters – Investing.com

SourceInvesting.com
SectorFinancial Markets
CountryMiddle east

© Reuters. FILE PHOTO: Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration

By Anna Irrera

LONDON (Reuters) – Seven in 10 institutional investors expect to invest in or buy digital assets in the future, although price volatility is the main barrier for new entrants, a study by Fidelity’s cryptocurrency business found.

More than half of the 1,100 institutional investors surveyed globally by Coalition Greenwich on behalf of Fidelity Digital Assets between December and April said they had digital asset investments.

Around 90% of those interested in investing in future said they expected their company’s or their clients’ portfolios to include digital asset investments within the next five years, the research found.

This included direct cryptocurrency investments or exposure through stocks of cryptocurrency companies or other investment products.

Those surveyed included high net worth investors, family offices, digital and traditional hedge funds, financial advisors and endowments.

Launched in 2018, Fidelity Digital Assets is...read more...