Digital assets gain ground among institutional investors

Digital assets gain ground among institutional investors

Survey by Fidelity Digital Assets shows that six out of ten institutional investors believe that digital assets have a place in their portfolios

Digital assets gain ground among institutional investors

By Editorial Staff

Digital assets are gaining ground among institutional investors, according to Fidelity Digital Assets. According to a survey with 800 financial institutions – consultants, pension funds, traditional hedge funds, equity investors and foundations, among others – 36% of the respondents say they are currently investing in digital assets and six out of ten believe that digital assets have a place in their portfolios. 80% of the investors surveyed defined this asset class as attractive.

 “These results confirm a trend we are seeing in the market toward a greater interest and acceptance of digital assets as a new class of investable assets”, said Fidelity Digital Assets President, Tom Jessop.

Institutional investors already have digital assets

According to Fidelity Digital Assets, 36% of respondents in the U.S. and Europe own bitcoin, other digital assets and/or derivative products. According to the survey, about 25% of respondents had Bitcoin, while 11% had Ethereum.

The results of the survey, conducted between November 2019 and March 2020, show that European investors have more confidence in bitcoin than investors in the United States. In Europe, 45% of investors allocated resources in the asset class, while this figure corresponds to 27% in the US.