Professional investor interest in crypto hasn’t been deterred by the bear market in cryptocurrencies and an uncertain regulatory environment, according to a survey by Laser Digital, Nomura’s digital assets subsidiary. The survey of 303 investors from major financial markets around the world found that 96% of them saw digital assets as a diversification opportunity alongside traditional asset classes. They were prepared to invest up to 5% of their investments in digital assets, which collectively manage $4.95 trillion in assets.
The survey also revealed that 82% of the investors had a positive outlook on Bitcoin and Ether, and 88% said they or their clients were considering investing in digital assets. However, they prefer regulated products such as exchange-traded funds (ETFs) over meme-coins such as PEPE or DOGE. Around 90% of those surveyed said that it is important to have the backing of a large traditional financial institution for any digital asset fund or investment vehicle before they or their clients would consider putting money into it.
CEO Jez Mohideen said in a release, Our comprehensive study reveals that the majority of institutional investors surveyed saw a clear role for digital assets in the investment management landscape, and the benefits they can bring, such as greater diversification of portfolios.