Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Fidelity: US Pension Funds Explore Crypto And Bitcoin, Eyeing $10 Trillion AUM

Share This Post

According to a recent survey by Fidelity Digital Assets, institutional investors, including US pension plans, are increasingly inclined to invest in crypto assets, including Bitcoin. 

The survey covered various institutional investor segments, including financial advisors, family offices, hedge funds, endowments, foundations, and pension funds. 

Institutional Investors Dominate Crypto Adoption

The survey findings indicate a significant surge in institutional interest in crypto assets. Of the total respondents, 74% expressed their intention to buy or invest in digital assets in the future, a slight increase from 71% in the previous year. 

Notably, US high-net-worth investors showcased a substantial rise in their preference for crypto assets, with future interest surging from 31% to 74% year over year.

Despite the positive sentiment, the survey also illuminated the concerns and barriers faced by institutional investors. Price volatility emerged as the most significant obstacle, with 50% of respondents citing it as their primary concern. 

Other key concerns included the lack of fundamentals to gauge appropriate value (37%), security issues (35%), market manipulation (35%), and regulatory classification of certain coins as “unregistered securities” (33%).

The survey highlighted a notable shift in perception among institutional investors. Investors in the US and Europe reported increased familiarity, improved perception, and a higher number of crypto asset investments. Europe has caught up with Asia in terms of overall adoption and positive perception, while the US still lags behind.

In terms of specific investor groups, high-net-worth investors, crypto hedge funds/venture capital firms, and financial advisors exhibited the highest adoption rates and consideration of digital assets

This higher adoption may be attributed to the organizational structures and investment decision-making policies of these groups. On the other hand, family offices, pensions/defined benefit plans, traditional hedge funds, and endowments and foundations showed lower levels of adoption.

Bitcoin ETFs Garner Strong Interest

The survey also explored the features of digital assets that institutional investors find most appealing. The potential for high upside, the opportunity for innovative tech investments, and the enablement of decentralization were cited as the most attractive aspects. 

Additionally, participation in decentralized finance (DeFi) and yield opportunities gained more attention compared to the previous year, while concerns about lack of correlation decreased.

The study suggests that institutional investors in Europe and Asia are more accepting of digital assets in their portfolios than their US counterparts.

Ultimately, Bitcoin exchange-traded funds (ETFs) and multi-digital asset funds, both actively and passively managed, emerged as the most appealing products among surveyed investors. European respondents also expressed interest in digital asset interest accrual offerings. Fidelity Digital Assets also expressed the following: 

The increased adoption reflected in the data speaks to a strong first half of the year for the digital assets industry. While the markets have faced many headwinds in recent months, we believe that digital assets fundamentals remain strong and that the institutionalization of the market over the past several years has positioned it to weather recent events. Institutional investors are experienced in managing through cycles, and the largely inherent factors that they cited as appealing in this study will likely remain as the market emerges from this period.

Crypto

As of now, the largest cryptocurrency on the market, Bitcoin, has regained the $60,500 threshold after a steep drop of almost 20% from its all-time high of $73,700 on March 14 to $56,000 on Wednesday.

Featured image from Shutterstock, chart from TradingView.com 

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Ripple CEO Sees ‘Incredible’ Crypto Support From Trump Administration

Ripple’s CEO praised the Trump administration’s embrace of crypto, highlighting support for regulatory clarity, crypto reserves, and digital asset innovation backed by US Treasuries

White House: US Lost $17B Dumping Bitcoin—Trump Vows to Never Sell

The White House reported a $17 billion loss from early bitcoin sales In response, Trump established a strategic bitcoin reserve with a “never sell” policy to strengthen US BTC holdings

Coinbase to Hire 1,000 in US—CEO Hails Most Pro-Crypto Congress

Coinbase is adding 1,000 US jobs as Trump’s pro-crypto policies ignite a digital asset boom, with lawmakers racing to pass game-changing legislation before August Crypto Comeback Coinbase Adds

Dogecoin Price Eyes Explosive Rally To $2.74 If Support Holds At $0.17

Dogecoin’s price has struggled to reclaim the $020 level, with the meme coin slipping below this key threshold in recent trading sessions After a brief attempt to push higher, Dogecoin has found

AI Agent Tokens Bleed Amid Sector-Wide Crimson Torrent of Losses

Bitcoin’s steep slide has unleashed chaos across the AI agent sector, where tokens are enduring savage double-digit collapses From VIRTUALS’ 46% nosedive to FARTCOIN’s 30%

Amir Taaki: ‘Crypto Failed to Achieve Its Vision’

Taaki, an OG Bitcoin developer who has criticized the direction the bitcoin and crypto ecosystem is taking, explained that the integration of crypto projects into today’s power networks has