A recent survey from Fidelity Digital Assets suggests that cryptocurrency is becoming more sought after by institutional investors.
According to a report from Reuters, Fidelity Digital Assets found that seven in 10 institutional investors expect to invest in digital assets in the future.
The survey evaluated answers from a range of investors, including high-net-worth individuals and hedge funds as well as local family offices and financial advisors. The study, which was carried out by Coalition Greenwich on behalf of Fidelity Digital Assets, showed that out of 1,100 investors surveyed between December and April, more than half claimed to already own digital assets.
Among those interested in buying into cryptocurrencies, 90% of them also expect their company or clients’ portfolios to be exposed to digital assets within the next five years, either through direct investment in digital assets or through companies offering cryptocurrency products.
Fidelity became one of the first supporters of cryptocurrencies among mainstream financial service providers after launching Fidelity Digital Assets in 2018. The firm’s crypto branch specializes in providing trading and custody services for digital assets like Bitcoin.
A recent study by Amsterdam-based fund administrator Intertrust also found that a massive $312 billion tidal wave of capital could flow into the crypto markets as hedge funds allocate larger percentages of funds into crypto.
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