About a quarter of institutions and wealth managers in a survey said they expected a dramatic rise in the launch of digital asset funds, including cryptocurrency, in the next 12 months.
The finding is seen as support for the idea that digital assets are becoming mainstream.
Nikkel Digital Asset Management, a digital assets manager regulated in the UK, produced the findings and said that a further two out of three questioned expected a rise in these funds. Some 6% expect a slight decrease in the number of funds in the next 12 months.
Anatoly Crachilov, CEO at Nickel Digital, said: “We have no doubt that the SEC’s approval of spot bitcoin ETFs has played a role in the acceptance of digital assets as the barriers of inclusion have been dramatically lowered.”
According to Nikkel, nearly nine out of 10 of the 200 institutional investors – which includes pension funds and insurers – and wealth managers said the believed digital assets would have an important role to play in diversified investment portfolios.
Half of them said the role should be “moderate” and just under a quarter said these assets should only form a small part of portfolios.
Around 10% questioned said digital assets should only be included in diversified investment portfolios for specific investment strategies.
The research covererd institutional investors and wealth managers in the US, UK, Germany, Switzerland, Singapore, Brazil and the United Arab Emirates who collectively manage around $816 billion in assets.
