Fidelity survey finds half of institutional investors say crypto is worth owning

posted 6 months ago
About half of institutional investors consider digital assets to be worthy of holding in portfolios, according to a survey commissioned by Fidelity Investments. Fidelity is trying to gauge how pensions, family offices, hedge funds, endowments and foundations feel about owning cryptocurrencies as it builds out its Fidelity Digital Assets business.

According to the survey, which questioned 441 institutional investors from November to February, 72% prefer to buy investment products that hold digital assets, while 57% choose to buy them directly, and 22% said they already have exposure to digital assets. Concerns cited include volatility, and a lack of rules and fundamentals. Tom Jessop, president of Fidelity Digital Assets said "People are relying on the institutions they’ve done business with for a long time to fulfill their objectives and needs. I’m not trying to throw shade on anybody else, but it’s up to the clients to decide."
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