One-third of U.S. institutional investors own digital assets

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A third of U.S. institutional investors held some form of digital asset in April 2021, according to a survey by Fidelity Digital Assets. This matches Insider Intelligence’s forecast that four in 10 U.S. institutional investors will have some portfolio exposure to digital assets by the end of the year. Insider Intelligence publishes hundreds of information, charts and forecasts on the Fintech industry. Learn more about how to become a customer.

Thirty-three percent of U.S. institutional investors held digital assets in April, up from 27 percent in March 2020, according to a Fidelity Digital Assets survey of 408 U.S. respondents.

Insider Information

Digital assets cover cryptocurrencies, crypto assets, virtual currencies, and crypto tokens.

This follows a prediction made by Insider Intelligence for 2021: that four in 10 U.S. institutional investors would have some portfolio exposure to digital assets by the end of the year.

With a few months to go until the end of the year, we could very well reach this threshold, especially since 69% of those polled said they wanted to add digital assets in the near future.

What motivates this adoption? Survey respondents highlighted the high upside potential of digital assets and the lack of correlation with other asset classes as the main reasons to invest.

Meeting this demand presents significant growth opportunities, as evidenced by the booming institutional assets under management of Grayscale and Coinbase.

Financial institutions also want to join in the action and have added crypto services in recent months including Goldman Sachs, Morgan Stanley and even JPMorgan despite its CEO repeatedly criticizing the asset class. This has improved access to crypto exposure, which should drive adoption forward.

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