Research: 22% of institutional investors own cryptocurrencies

Almost half of institutional investors (47%) see advantages in having digital assets in their portfolios, and 22% already own them. These are the results of a study conducted by Greenwich Associates for the financial conglomerate Fidelity Investments, according to MarketWatch .

The survey, conducted from November 26, 2018 to February 8, 2019, was attended by more than 440 institutional investors from the United States, including pension funds, family capital management firms, cryptocurrency and traditional hedge funds. His goal was to find out the attitude of large financial organizations and consultants to cryptocurrencies as an investment instrument.

The results of the study also showed that 57% of investors prefer to invest money directly, and 72% consider investment products containing this new class of assets.

However, the most remarkable thing is that almost a quarter of respondents (22%) said that they already own cryptocurrencies.

“We see interest in digital assets maturing from both early adopters, such as cryptocurrency hedge funds, and from traditional investors — family capital management companies and endowment funds, ” said Tom Jessop, president of Fidelity Investments.

He also noted that although the study was conducted during a bear market, the company did not notice a decline in interest in cryptoactive assets. According to Jessup, most firms are exploring this space with the understanding that technology will continue and continue to grow.

At the same time, among the main factors that deter investors from the digital asset market are high volatility, lack of understandable regulation, and weak fundamentals.

Earlier, Tom Jessop said that the cryptocurrency exchanges on the market are doing quite well with their tasks, because the company will not launch its own platform for trading digital assets. Instead, its cryptocurrency division of Fidelity Digital Assets will focus on creating institutional investors-oriented products for storing large volumes of cryptocurrencies.

In March, the platform was launched in limited mode for selected customers and so far only supports Bitcoin.

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