More than one-third of large institutional investors hold crypto assets, and the most popular one is bitcoin, a recent survey showed. As many as 36% of institutional investors in the US and Europe own crypto assets, according to a survey of 774 firms released Tuesday by Fidelity Investments. Institutional investors include pension funds, family offices, financial advisers, and hedge funds.
In the US, 27% of investors said they hold crypto assets, up from 22% a year ago when Fidelity surveyed 441 American firms. In Europe, 45% of firms surveyed said they hold crypto assets.
Of the digital assets held, bitcoin is by and far the most popular, according to the survey – more than 25% of respondents said they hold bitcoin, and 11% hold etherium.
Bitcoin has been on a tear this year as markets whipsawed amid the coronavirus pandemic and reopening efforts. The digital currency has gained 36% for the year after tumbling in early March and swiftly recovering.
Fidelity’s survey found that the biggest obstacles cited by firms still hesitant to dive into crypto were price volatility and concerns about market manipulation.
The survey was executed by Greenwich Associates between November and March, right before the crypto market sank and recovered.
As many as 36% of large investors own crypto assets, and bitcoin is the most popular, Fidelity says, Businessinsider, Jun 10
The US stock market is starting the year in a state of fear, as reflected…
The crypto market is struggling to grow without the support of stock markets, with reduced…
- NZDUSD broke key support 0.5600 - Likely to fall to support level 0.5500 NZDUSD…
- EURCHF reversed from resistance zone - Likely to fall to support level 0.9350 EURCHF…
The Canadian dollar may strengthen as the extended rally in USDCAD loses momentum. A corrective…
Despite the decline in the cryptocurrency market, three coins - BNB, XRP, and TRON -…
This website uses cookies