More than half of institutions expect to invest in digital assets in the future: fidelity study
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More than half of institutions expect to invest in digital assets in the future: fidelity study

A recent survey by Fidelity Digital Assets suggests that cryptocurrencies are increasingly sought after by institutional investors.

According to a Reuters report, Fidelity Digital Assets he found that seven out of 10 institutional investors expect to invest in digital assets in the future.

The survey evaluated responses from a variety of investors, including high-net-worth individuals and hedge funds, as well as family offices and local financial advisers. The study, which was conducted by Coalition Greenwich on behalf of Fidelity Digital Assets, showed that of the 1,100 investors surveyed between December and April, more than half claimed to already own digital assets.

Among those interested in buying cryptocurrencies, 90% of them also expect their companies or clients’ portfolios to be exposed to digital assets in the next five years, either through direct investment in digital assets or through companies offering digital assets. cryptocurrencies.

Fidelity became an early cryptocurrency supporter among major financial service providers after launching Fidelity Digital Assets in 2018. The company’s cryptocurrency arm specializes in providing trading and custody services for digital assets such as Bitcoin.

A recent study by Amsterdam-based fund manager Intertrust also found that a massive wave of capital of $ 312 billion could flow into the crypto markets as hedge funds allocate higher percentages of funds in crypto.

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Disclaimer: Opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.

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