Fidelity Survey Shows Growing Institutional Awareness
May 06 2019 - 12:39PM
ADVFN Crypto NewsWire
Bitcoin Global News (BGN)
May 6, 2019 -- ADVFN Crypto NewsWire -- A strong statement for
cryptocurrency sentiment is being made by Fidelity through their
business development and continued research on the cryptocurrency
and blockchain technology industries. This year the company
launched Fidelity Digital Assets as a new subset of their business
to get a leg up on the growing institutional grade financial
interest in digital currencies. For Fidelity, the industry simply
falls in line with much of how the global financial industry has
worked over the course of the past 100 years.
We’ve seen a maturation of interest
in digital assets from early adopters, like crypto hedge funds, to
traditional investors like family offices and endowments. - Tom
Jessop, president of Fidelity Digital Assets
In collaboration with Greenwhich
Associates of Boston, the companies have released the data on a
survey conducted with institutional investors. The key finding is
that nearly have of those surveyed now view digital assets as
something that has an integral place in their investment
portfolios. Further, of that 47% who think that, there are three
ways they engage the type of asset.
-
72% prefer to buy investment
products that hold digital assets
-
57% prefer to buy crypto assets
directly
-
57% prefer to buy an investment
product that holds digital asset companies
(https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/press-release/institutional-investments-in-digital-assets-050219.pdf)
Their findings are in line with
Fidelity’s way of thinking. As with traditional asset classes,
there are many ways to integrate them into an investment portfolio
in order to accomplish different goals. And for digital assets,
it's clear that this is just the beginning. It was only 10 years
ago that Bitcoin was first created, and global financial regulation
standards have still not yet even been set for the new type of
currency. For digital assets, the frameworks are just
beginning.
“Institutional sentiment mirrors
many of the positive developments we’ve seen in the underlying
ecosystem. Venture investment in the sector continues at a healthy
pace, complemented by an increasing number of security token
offerings (STOs), and the global regulatory environment remains
cautiously constructive. Another indication of a growing ecosystem
around digital assets is high transaction activity on the Bitcoin
blockchain.” - Tom Jessop
By: BGN Editorial Staff
Bitcoin (COIN:BTCGBP)
Historical Stock Chart
From Aug 2024 to Sep 2024
Bitcoin (COIN:BTCGBP)
Historical Stock Chart
From Sep 2023 to Sep 2024
Real-Time news about Bitcoin (Cryptocurrency): 0 recent articles
More Bitcoin News Articles