Why Wall Street’s old guard still won’t touch crypto
Bitcoin and crypto seem to be on the verge of mainstream adoption, with US spot exchange-traded funds (ETFs) shattering inflow records, Goldman Sachs holding more crypto ETF shares issued by BlackRock than any other institution, and corporate treasuries from Strategy to Bitmine embracing digital assets.
However, a recent survey from Bank of America showed three-quarters of global fund managers remain steadfast in their refusal to touch digital assets.
According to Max Gokhman, deputy chief investment officer for Franklin Templeton Investment Solutions, the paradoxical numbers aren’t due to regulatory uncertainty or operational complexity, as those barriers have largely been addressed.
In an interview with CryptoSlate, Gokhman said the…
