As per a survey conducted by a United States-based asset management firm, Fidelity Investments, 22% of institutional investors already own digital assets. The survey was released in a press release published on May 2.
As per the survey, the firm surveyed 411 U.S. institutional investors amidst which 40% of respondents showed willingness towards investing in digital assets within the next five years. Moreover, almost half i.e. 47% of respondents believe that there is a place for digital assets in their investment portfolios.
About 72% of investors prefer to buy crypto investment products, while 57% prefer to buy crypto assets directly. Another 57% illustrated an interest in buying an investment product that holds digital asset companies. Tom Jessop, president of Fidelity Digital Assets, commented on the findings:
“We’ve seen a maturation of interest in digital assets from early adopters, like crypto hedge funds, to traditional institutional investors like family offices and endowments.”
When asked about their interest in digital assets, 46% claim to be attracted by the low correlation crypto has to other assets. Reportedly, financial advisors (74%) and family offices (80%) reportedly view the features of digital assets most favorably.
As for the shortcomings of investing in digital assets, unclear regulation, volatility, limited track record and lack of fundamentals were cited as the reasons.
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