Investors still interested in digital assets Survey.
A survey conducted by Laser Digital, Nomura’s digital assets subsidiary, has shown that professional investors’ interest in cryptocurrency has not been affected by the bear market in cryptocurrencies and an uncertain regulatory environment.
The survey polled 303 investors working for pension funds, wealth managers, family offices, hedge funds, and investment funds and found that as many as 96% of them see digital assets as an opportunity for investment diversification alongside traditional asset classes like fixed income, cash, equities, and commodities. They are prepared to invest as much as 5% of their total investments in digital assets.
Laser Digital estimates that professional investors collectively manage $4.95 trillion in assets.
The survey found that 82% of the investors had a positive outlook on bitcoin and ether, and 88% said they or their clients were considering investing in digital assets. However, they prefer regulated products such as exchange-traded funds (ETFs) over memecoins such as PEPE or DOGE.
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Furthermore, around 90% of those surveyed stated that having the backing of a large traditional financial institution is important for any digital asset fund or investment vehicle before they or their clients would consider investing in it. This could be a bullish sign for bitcoin ETF proposals such as BlackRock’s.
The survey participants were interviewed online in April and came from major financial markets worldwide.
“Our comprehensive study reveals that the majority of institutional investors surveyed saw a clear role for digital assets in the investment management landscape, and the benefits they can bring, such as greater diversification of portfolios,” said CEO Jez Mohideen in a release.
Edited by Sheldon Reback.
