Fidelity: Over 30% of Institutional Investors Own Cryptocurrencies
Shutterstock
Main page News, Banking, Crypto Market, Cryptocurrency, Institutional Investors
Hot topic
9 June
135 135

Over 30% of institutional investors own cryptocurrencies such as bitcoin (EXANTE: Bitcoin), Bloomberg reports, citing a survey conducted by Fidelity Investments.

Fidelity Wants to Expand its Mining Business

Across the US and Europe, 1/3 of the survey’s 774 respondents said they own cryptocurrencies.

According to the survey, in the US, over 25% of institutional investors (pension funds, family offices, investment advisers, etc.) own cryptocurrencies, up from 22% about a year ago. In Europe, over 40% of respondents have virtual currencies.

Bitfury to Allow Mining Bitcoin for Institutional Investors

Fidelity Digital Assets president Tom Jessop says Europe is perhaps more supportive and accommodating cryptocurrencies.

Bitcoin may look more attractive because there are other assets that aren’t paying return.

"Bitcoin may look more attractive because there are other assets that aren’t paying return," Jessop added.

In May, cryptocurrency exchange Bitfinex in cooperation with Koine, a London-based digital asset custody provider, rolled out an institutional-focused crypto custodian service.

iHodl also reported that popular cryptocurrency services provider BitGo launched a new trading service for institutional investors called BitGo Prime.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error
Close