48% of institutions from the US and Europe invest in crypto assets
Date: 2023-09-10 Author: Karina Ziganova Categories: BUSINESS, IN WORLD
48% of institutions in the US, Europe and UK have crypto assets in their investment portfolios. That's according to a joint report from data provider Amberdata and analytics firm Coalition Greenwich.
As part of the study, the authors analyzed 60 institutional investors. These are large investment companies, venture capital firms and even family foundations.
48% of them said they invest in crypto assets. Of these, 22% have the value of this share in the portfolio ranging from $1 million to $10 million. For 19%, the value is from $11 million to $50 million. And only one institutional investor controls $1 billion in crypto assets.
In a commentary for Decrypt, Amberdata CEO Sean Douglas noted that he was surprised by the optimistic mood of respondents in the United States. 85% of them are confident in further regulatory support for the industry from the authorities.
It is noteworthy that for the remaining 52% of surveyed counterparties, it is the uncertainty in the legal field that serves as the main obstacle to entering the market.
Among other reasons it is worth highlighting:
lack of standardized KYC/AML requirements;
gaps in tax policy;
difficulties with storing and ensuring the safety of crypto assets.
Over the past 24 hours, the volume of liquidations in this market exceeded $84 million. This happened against the backdrop of a jump in the Bitcoin rate to $26,370 followed by a drawdown.
