Institutional investors are increasingly open to finding a place for digital assets in their portfolios, suggests new research.A survey conducted by Fidelity Investments and published Thursday found that, already, around 22 percent of investors have some exposure to digital assets, while 40 percent say they are open to taking the plunge in the next five years. Of those that have exposure, most investments were made in the last three years.
Aimed to gain an understanding of how institutions, financial advisors and investors perceive digital assets generally and as part of an investment portfolio, the survey also found that over half (57 percent) prefer to invest in digital assets directly, while 72 percent favor investment products that hold digital assets. Fifty-seven percent said they’d prefer to buy investment products that hold digital asset firms. For the research, the company said it polled over 400 U.S. institutional investors, including pensions, family offices, crypto and traditional hedge funds and financial advisors, as well as endowments and foundations. “We’ve seen a maturation of interest in digital assets from early adopters, like crypto hedge funds, to traditional institutional investors like family offices and endowments,” said Tom Jessop, president of Fidelity Digital AssetsSM, a provider of institutional custody and trading services for digital assets.
