36 Percent of U.S. and European Institutional Investors Own Crypto Assets

A new survey by Fidelity found 36 percent of U.S. and European institutional investors own crypto assets with Bitcoin being most popular; Fidelity surveyed 774 institutional investors including pension funds, family offices, financial advisers, and hedge funds; 27 percent of U.S. investors hold crypto assets, up from 22 percent last year; 45 percent of European investors hold crypto assets; “These results confirm a trend we are seeing in the market towards greater interest in and acceptance of digital assets as a new investable asset class,” Tom Jessop, President of Fidelity Digital Assets, said in a statement according to Business Insider. “This is evident in the evolving composition of our client pipeline, which spans from crypto native funds to pensions.”; the biggest reasons for firms still not investing are volatility and market manipulation. Business Insider

Sign up for our Newsletters

Every morning the LendIt Fintech News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!