November 15, 2024
Cryptocurrency News

Fidelity Survey: More Than Half of Global Institutional Investors Have Exposure To Crypto

The mass adoption of digital assets has been one of the main goals that the crypto industry has. There have been a lot of moves made in this direction and they seem to continue to take the industry on the right path.

Mass crypto adoption among institutions

Now, it’s been revealed that there’s a new international survey from Fidelity Digital Assets shows a growing acceptance of crypto among institutional investors around the world.

It’s been reported that Fidelity surveyed 1,100 respondents from the United States, Europe, and Asia.

They represented “financial advisors, high-net-worth investors, family offices, crypto hedge funds, venture capital funds, traditional hedge funds, pension funds, defined-benefit plans, endowments, and foundations.”

The firm notes that 52% of the investors surveyed globally have an investment in digital assets.

“Asia leads the pack by a wide margin, with 71% of its surveyed investors allocating some of their portfolios into crypto. That compares to 56% in Europe and only 33% in the United States.”

According to the official data, the U.S. did see an increase from the 27% of American respondents who said they had crypto holdings in Fidelity’s 2020 survey.

The company also revealed that US investors are going after digital asset investment products to making direct purchases of crypto.

“This year, 18% of respondents in the U.S. said they bought or invested in digital assets through an investment product, compared to 8% the previous year. This uptick in adoption via investment products is likely supported by an increase in the number of public trust-structured investment products now available in the U.S., in addition to an array of private fund offerings issued by managers throughout the past year.”

It’s been also revealed that 14% of U.S. investors surveyed shared that they invested directly in digital assets. Last year, the number was 16%.

The same survey also showed that 70% of all investors had a “neutral-to-positive” perception of digital assets.

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