More than half of U.K. institutional investors surveyed by Nickel Digital, a digital asset hedge fund manager established by former Goldman Sachs and JPMorgan financial professionals, expect to expand their crypto asset exposure between now and 2023, according to research.
- 11 of the 23 money managers and other organizations polled indicated they would raise their exposure, with another six indicating they would “dramatically” increase it.
- The managers are responsible for $66.5 billion in assets and have some experience with digital assets.
- The rationale given was crypto assets' long-term appreciation potential.
- Nine institutions indicated they've gained greater confidence in the asset class's operation, with nine citing the improved regulatory environment as a reason.
- However, 16 people voiced worries about the crypto market's relative size, liquidity problems, and lack of transparency.
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