Diversification Now Primary Driver Of Institutional Crypto Push, Study Says
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The incentive for institutional cryptocurrency exposure has shifted towards diversification, according to Swiss digital asset bank Sygnum.
About 57% of institutional and professional investors with cryptocurrency exposure point to portfolio diversification as their main reason for investing in the asset class, Sygnum said in a Nov. 11 report, citing a late Q3 survey of 1,000 investors from 43 countries.
Sygnum said this marked a significant shift from the previous year, when 62% of investors cited “exposure to crypto’s megatrend” as the primary driver of investment. That figure dropped to 53% this year.
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