BlackRock, Fidelity, Grayscale Dominate Crypto ETF Assets Amidst Institutional Interest
Institutional investors expect cryptocurrency to become more prevalent in institutional portfolios and expect traditional financial institutions to dramatically increase their launches of digital asset funds in the near future.
According to London-based Nickel Digital Asset Management Ltd., which partnered with research firm Pureprofile to interview 200 institutional investors and wealth managers for the project, 75% of respondents said they expect cryptocurrencies to become a part of institutional portfolio asset allocation within the next five years.
Cryptocurrency ETFs are often used by institutional asset owners that seek exposure to the digital asset class. These offerings are dominated by three…
