New data show that the interest of institutional investors in cryptocurrencies and cryptocurrency-related companies is still growing.
Fidelity Digital Assets, a subsidiary of global asset management giant Fidelity Investments Inc., has commissioned Coalition Greenwich to conduct a survey of 1,100 institutional investors to understand their expectations of investing in digital assets.
Most of the investors surveyed expected to invest in digital assets in the future.
Survey results
The survey was conducted from December 2020 to April 2021 with the participation of high net worth investors, family offices, digital and traditional hedge funds, financial advisors and foundations.
The definition of investments in digital assets defined by the research team included direct investments in cryptocurrencies, the purchase of shares in cryptocurrency-related companies or exposure through other investment products.
About 70% of participants expect to invest in digital assets over the next five years. Nine out of ten investment prospects anticipate that their company’s or their clients’ portfolios will add digital assets in the same time window.
Fidelity Digital strives to keep pace with the institutional interest in digital assets. Recently, the company has been said to have increased its staff by about 70% to cope with the growing appetite of institutional investors.
In addition to cryptocurrencies such as BTC or ETH, the digital asset management company also plans to enter the world of decentralized financing (DeFi).
