Fidelity Investments subsidiary FidelityDigital Assets has just released a study that shows 58% invested in digital assets last year, while 74% of respondents plan to do so in the future.
Fidelity’s Institutional Investor Digital Assets Study
Fidelity Digital Assets, a subsidiary of financial giant Fidelity Investments, released its fourth annual “Institutional Investor Digital Assets Study” Thursday. It features blind surveys that were conducted between January 2 and June 24. There were 1,052 institutional investors from the U.S., Europe and Asia.
The study revealed:
Nearly 68% of institutional investors (58%) invested in digital assets during the first half 2022. 74% intend to continue investing in digital assets.
In addition, 88% of institutional investors surveyed “find characteristics of digital assets appealing” and 51% “have a positive perception of digital assets.”
Over 81% of the institutional investors who were surveyed believed that digital assets should make up part of their portfolio. Nearly 39% worldwide who invest directly in digital assets, bitcoin and ether being the most common.
Detail on Fidelity:
The digital asset market is maturing and institutional investors are less likely to view it as an alternative asset type, especially in Asia and the U.S.
According to the survey, “Lack of fundamentals to gauge value, security concerns among institutions and end-clients, market manipulation risks, complexity, and regulatory concerns were all cited by at least one-third of respondents as a reason why they do not currently invest in digital assets.”
Tom Jessop, president of Fidelity Digital Assets, commented: “The increased adoption reflected in the data speaks to a strong first half of the year for the digital assets industry.” He opined:
Although the markets are facing headwinds these months, we think that the fundamentals of digital assets remain strong. We also believe that institutionalization over several years has enabled the market to weather the recent storms.
Fidelity Digital Assets is increasing its services to institutional investors who are interested in cryptocurrency exposure. The firm started offering trading in ethereum (ETH), this week.
Recently, the firm explained that bitcoin can be used as portfolio insurance. “Bitcoin remains one of the few assets that does not correspond to another person’s liability, has no counterparty risk, and has a supply schedule that cannot be changed,” Fidelity Digital Assets described.
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