97% of Institutional Fund Managers Avoid Crypto Amid Volatility and Regulatory Uncertainty
A recent Bank of America (BofA) survey has shed light on the cautious stance institutional fund managers are taking toward cryptocurrencies, revealing that 97% of those surveyed are actively avoiding digital assets [1]. This figure underscores a significant reluctance to integrate crypto into institutional investment strategies, despite the growing presence of digital assets in the global financial landscape. The survey, conducted in August and based on responses from 211 professional fund managers, highlights the prevailing sentiment among institutional investors [1].
For the small percentage of managers who do engage with cryptocurrencies, the level of investment remains extremely limited. On average, only 3.2% of their total portfolio…
