According to a survey conducted by Global Custodian, The TRADE Crypto and BitGo, 94% of trust capital funds said they invested in crypto assets last year. Investments were made either directly or through funds.
The study, conducted in the fourth quarter of 2018, was attended by 150 endowment funds, the bulk (89%) from the United States, as well as Canada and the United Kingdom.
More than half of the respondents (54%) stated that they had invested directly in individual cryptoactives, the remaining 46% got access to funds in another way. Only 7% of respondents answered that they expect a reduction in investments in cryptoactive assets in the next 12 months. At the same time, a little less than 50% think that their investments in cryptocurrency will increase.
The most notable problems identified by funds were the lack of a reliable market infrastructure, volatility, regulatory issues, and a lack of liquidity.
“It’s fascinating to see that, despite the widely reported problems associated with regulation, storage and liquidity, endovers included crypto-related investments in their placements, and very few demonstrate an intention to leave. All the talk in the past 18 months has been around when institutional investors start participating in cryptocurrency investments, but it turns out that they have already arrived in the form of donation funds , ”said Global Custodian and The TRADE Crypto chief editor Jonathan Watkins.
Recall that in February, two large US pension funds made their first investment in crypto assets through Morgan Creek Digital.
Publication date 04/16/2019
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