25 April, 2024

Fidelity Survey Shows Institutional Investors Moving into Digital Assets

28 Oct, 2022

22 Nov, 2023

Fidelity Investments is a giant firm dedicated to providing financial services across nations. They have recently made more advancements to working with more crypto this month than most other firms. The firm has announced that institutional clients will now be able to access Ethereum (ETH) through their services for trading on October 28th.

This giant finance firm has opened pathways for institutional clients to invest in crypto and indulges in their interests in these digital assets. In their survey, Fidelity Digital Assets Institutional Investor Digital Assets Study, they collected information and analyzed the interests of these clients in digital assets.

According to the study, more than half of the respondents (58%) had invested in digital assets during the first half of 2022. The survey also revealed that 74% of survey respondents have planned on investing in digital assets in the future.

The survey was conducted during a pivotal time for the market. The Fidelity team conducted the survey from January 2nd to June 24th which was during the time the market conditions had shifted from a bull to a bear. There were 1,052 institutional investor respondents from the US, Europe, and Asia. The respondents varied from family offices, digital and traditional hedges, funds, pensions, financial advisers, endowments and foundations, and individuals with high net worth.

The president of the firm, Tom Jessop, has mentioned that the influx of institutional investors moving into the crypto market is due to the digital assets market conditions in the first half of the year. Although the market is now in bear since the fundamental of the industry is strong the flow of institutional investors will continue.

 The survey has also shown that Asian Institutional Investors possessed more digital assets (69%). Among the Europeans, 67% held digital assets, with only 42% in the US. Europe and the US have seen a significant increase in digital asset possession compared to the results of the survey from the previous year.



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