More than half of organizations expect to invest in digital assets in the future: Fidelity Study

More than half of organizations expect to invest in digital assets in the future: Fidelity Study

A recent survey from Fidelity Digital Assets indicates that cryptocurrencies are becoming more and more sought after by institutional investors.

According to a report from Reuters, Fidelity Digital Assets have found Seven out of 10 institutional investors expect to invest in digital assets in the future.

The survey assessed answers from a range of investors, including high net worth individuals and hedge funds as well as local family offices and financial advisors. The study, conducted by Coalition Greenwich on behalf of Fidelity Digital Assets, shows that of 1,100 investors surveyed between December and April, more than half claimed to actually own digital assets.

Among those interested in buying in cryptocurrency, 90% also expect that their company or client’s portfolio will be exposed to digital assets within the next five years, either through direct investment in digital assets or through companies that offer cryptocurrency products.

Fidelity became one of the early supporters of cryptocurrency among major financial service providers after launching Fidelity Digital Assets in 2018. The company’s crypto branch specializes in providing trading and custody services for digital assets such as Bitcoin.

A recent study by Intertrust, an Amsterdam-based fund manager, also found That a massive wave of capital worth $312 billion could flow into the cryptocurrency markets as hedge funds allocate larger percentages of funds into cryptocurrencies.

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