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GROWING INSTITUTIONAL INVOLVEMENT IS DRIVING CRYPTO FUND LAUNCHES
(MENAFN- Perceptiona) The increasing involvement by large traditional financial institutions in crypto is triggering a boom in new fund launches in the sector, according to new global research (1) by London-based Nickel Digital Asset Management (Nickel), Europe’s leading digital assets hedge fund manager founded by alumni of Bankers Trust, Goldman Sachs and JPMorgan.
Its survey with institutional investors and wealth managers worldwide found 90% predicting a rise in crypto and digital asset fund launches in the next 12 months with 18% forecasting a dramatic increase.
The research with executives at pension funds, family offices, insurance asset managers, hedge funds and wealth managers based in the US, UK, Germany, Switzerland, Singapore, Brazil and the United Arab Emirates firms that collectively manage over $14 trillion in assets found they expect traditional financial institutions to join the boom in fund launches.
Nearly half (48%) expect a dramatic rise in digital asset fund launches by large traditional financial organisations over the next three years with a further 51% predicting a slight increase in fund launches from major firms.
Nickel’s study found the growing involvement of traditional financial institutions in the digital asset space is a major positive influence on investment strategies worldwide.
Around a quarter (23%) say the increasing involvement is very positive for the sector while a further 71% view their growing involvement quite positively. Just 5% say increased involvement by traditional financial organisations has no impact on their investment strategy.
Michael Hall, co-CIO and Founding Partner at Nickel Digital, said: “Traditional institutions are rapidly integrating digital assets and that is having a clear positive impact on investment strategies worldwide and translating into more choice whether looking for alpha or beta opportunities.
The launch and ongoing development of crypto ETFs has been a key factor in the increased involvement of major traditional institutions but growing interest in tokenization is adding to the momentum.”
Its survey with institutional investors and wealth managers worldwide found 90% predicting a rise in crypto and digital asset fund launches in the next 12 months with 18% forecasting a dramatic increase.
The research with executives at pension funds, family offices, insurance asset managers, hedge funds and wealth managers based in the US, UK, Germany, Switzerland, Singapore, Brazil and the United Arab Emirates firms that collectively manage over $14 trillion in assets found they expect traditional financial institutions to join the boom in fund launches.
Nearly half (48%) expect a dramatic rise in digital asset fund launches by large traditional financial organisations over the next three years with a further 51% predicting a slight increase in fund launches from major firms.
Nickel’s study found the growing involvement of traditional financial institutions in the digital asset space is a major positive influence on investment strategies worldwide.
Around a quarter (23%) say the increasing involvement is very positive for the sector while a further 71% view their growing involvement quite positively. Just 5% say increased involvement by traditional financial organisations has no impact on their investment strategy.
Michael Hall, co-CIO and Founding Partner at Nickel Digital, said: “Traditional institutions are rapidly integrating digital assets and that is having a clear positive impact on investment strategies worldwide and translating into more choice whether looking for alpha or beta opportunities.
The launch and ongoing development of crypto ETFs has been a key factor in the increased involvement of major traditional institutions but growing interest in tokenization is adding to the momentum.”
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