Large investors are still interested in digital assets

Analysts at Brown Brothers Harriman conducted a survey among large investors regarding their attitude towards cryptocurrencies. The study involved 325 investors, financial consultants and fund managers.

It turned out that major players are interested in digital assets, but so far, they have reduced the volume of purchases. Nearly three-quarters of those surveyed reported “extreme or high levels of interest in cryptocurrency ETFs.”

In 2023, 48% of respondents intend to add ETFs to their portfolios. 58% of them are Chinese investors, 55% are US residents and only 29% are Europeans.

Experts from Brown Brothers Harriman believe that the increased attention to ETFs may be due to the fact that investors are adapting to the volatility of digital currencies, diversifying assets and turning to innovative solutions.

In addition, regulatory initiatives, such as Markets in Crypto Assets in the EU, can significantly “reduce the risk” of cryptocurrency investments for asset managers and provide them with an “additional level of comfort” when working on exchanges.

Salama Belgali, head of business development and partnerships at BitMEX, recently gave her opinion on the future of the digital asset industry. In her opinion, the market will grow.

“One of the positive signs we are seeing is that institutional interest has not waned amid market turmoil. The same goes for the upside potential that the Asian markets are showing, taking a more crypto-friendly stance. Just by watching the trading activity on the BitMEX platform, we can see that trust is growing. The number of new blockchain projects is constantly increasing, and the long-awaited Ethereum Shanghai update is attracting a lot of attention. Therefore, we believe that a bull market is just around the corner,” she said.