A new study of institutional investors and wealth managers, who collectively manage around USD110 billion in assets, reveals that 15 per cent believe that long-term over 10 per cent of the funds they help to manage will be in digital assets, including cryptocurrencies and tokenised investment vehicles.
The research, which was commissioned by London-based digital assets hedge fund manager Nickel Digital Asset Management (Nickel), reveals 38 per cent of professional investors interviewed expect the funds they help run to have between 5 per cent and 10 per cent held in digital assets; 26 per cent believe the figure will be between 3 per cent and 5 per cent, and one in five (19 per cent) expect it to be between 1 per cent and 3 per cent.
The strong performance of bitcoin during the Coronavirus crisis means that 90 per cent of institutional investors and wealth managers surveyed agree that professional investors should have a small allocation to digital assets in their portfolios.
