With a new study published by investment giant Fidelity, it has been discovered that more than a third of institutional investors invest directly or indirectly in cryptocurrency markets.

According to a study published by Fidelity Investments, which has $ 8 trillion of assets under its management, about a third of large institutional investors invest in digital assets.

In the research conducted with 774 participants in the USA and Europe, 36 percent of the participants said that they already have investments in digital assets. In the USA, 27 percent of institutions such as pension funds, family offices and investment advisors, and digital and traditional free funds hold digital assets. Last year, this rate was 22 percent.

On the other hand, in Europe, 45 percent of the participants stated that they invest in digital assets.

More than a quarter of the respondents hold Bitcoin, and 11 percent hold Ether.

Fidelity Digital Assets President Tom Jessop stated that Europe is more supportive and harmonious than the USA. Jessop attributed this to the application of negative interest in many countries in Europe, and therefore Bitcoin looks more attractive.

The research was conducted by Greenwich Associates just before November 2019 and early March, before the cryptocurrency market crashed, followed by a rapid exit.

Jessop said the results of the research showed that digital assets are getting more acceptance and interest as a new class of investable assets. The company did not provide information on how much corporate groups have in the cryptocurrency space.

LEAVE A REPLY

Please enter your comment!
Please enter your name here