A new survey from financial services giant Fidelity shows that a majority of institutional investors have already invested in crypto assets.
In a report from Fidelity Digital Assets, a crypto arm of the firm, president Tom Jessop says that the industry is in a phase of “institutionalization” as it emerges from a bear market cycle.
“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.”
According to the report’s survey, eight in 10 institutional investors believe that digital assets have a place in a portfolio, and nearly six in 10 (58%) have already invested in the asset class. Investors in Asia and Europe were found to have more acceptance of digital assets than investors in the US.
The surveyed investors reported that the largest obstacle to investing in digital assets was volatility, with an average of 50% of respondents from each geographical region citing it as a problem.
“Other concerns cited by investors surveyed include lack of fundamentals to gauge appropriate value (37%), concerns around security (35%) and market manipulation (35%), and concerns around the regulatory classification of certain coins as unregistered securities (33%).”
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