Wealth managers increase allocation to digital …

Wealth managers increase allocation to digital assets

A study by Nickel Digital Asset Management, which involved interviews with 200 institutional investors and wealth managers worldwide, reveals a growing interest in digital assets. The majority (98%) of respondents consider digital asset investment opportunities attractive in the next 12 months, with 32% rating them as very attractive. Over a five-year period, 97% still view the sector as attractive, and 44% consider it very attractive. The study also found that 83% of respondents have been invested in the digital assets sector for two or more years, with 5% having invested in the past year. Currently, 90% of respondents have up to 3% of their assets in the sector, and 60% predict that they will have more than 3% invested in the sector within three years. Additionally, 12% believe they will have 5% or more of their assets in the digital assets sector. Anatoly Crachilov, CEO and founding partner at Nickel Digital, highlighted the increasing commitment from institutional investors and wealth managers, reflecting growing confidence in the digital asset space. The surge in demand for investment solutions targeting traditional institutional investors and wealth manners is validating these survey findings. Crachilov expects the fourth quarter to be particularly busy since the launch of their business five years ago. In related news, Morningstar reports that active managed portfolios now make up less than half of offerings, indicating a shift in investment preferences. Overall, the study demonstrates a positive trend in the adoption of digital assets by institutional investors and wealth managers, with expectations of further growth in the coming years.

Source: portfolio-adviser.com
Published on 2024-09-11

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