36% Of Institutional Investors Already Own Cryptos Such As Bitcoin And Ethereum

It’s been always highlighted the fact that institutional investors are crucial for the crypto space because they can’t bring mass adoption much closer.

The mass adoption of digital assets has been one of the main goals of the crypto space, and there have been a lot of moves made in this direction.

Fidelity shows that 36% of institutional investors already own crypto

There’s a new survey from the global asset management giant Fidelity that shows the fac that 36% of institutional investors are already owning crypto assets.

Four out of five investors who are not yet in the market are saying that they are interested in holding crypto in the future and they find at least one aspect on the amazing tech appealing and exciting.

Institutional investors find cryptos appealing for various reasons

“Almost 80% of institutional investors find something appealing about digital assets, with the three almost equally compelling characteristics across U.S. and European investors being: uncorrelated to other asset classes (36%); an innovative technology play (34%); and high potential upside (33%),” the report notes as cited by the Daily Hodl.

Also, Fidelity said that the results of this survey are lining up with the demand that the firm is seeing from clients.

The report notes that “These results confirm a trend we are seeing in the market towards greater interest in and acceptance of digital assets as a new investable asset class. This is evident in the evolving composition of our client pipeline, which spans from crypto native funds to pensions.”

800 big players were surveyed by Fidelity

It’s been also revealed that more than a quarter of 800 big players who have been surveyed said that they own BTC and 11% said that they have Ethereum.

At the moment of writing this article, both BTC and ETH are trading in the green on CMC. BTC is priced at $9,462.36 and ETH is currently trading at $235.53.

We recommend that you check out the complete report.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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