A recent study has revealed that the cryptocurrency markets in the United States and Europe remain remarkably robust and are making significant progress, despite facing intense scrutiny and uncertainty in the US market.
According to research conducted by Coalition Greenwich and Amberdata, asset managers and hedge funds are increasingly exuding optimism and fervor when it comes to the burgeoning potential within the cryptocurrency asset class.
They are not only enthusiastic about the prospects of growth but are also actively exploring and capitalizing on the manifold commercial opportunities that this space has to offer.
In this dynamic landscape, these financial professionals see the cryptocurrency asset class as a fertile ground for expanding their portfolios and diversifying their investments. They are not merely spectators; instead, they are actively positioning themselves to leverage the growth trajectory of cryptocurrencies.
Source: Coalition Greenwich
Crypto Adoption On The Rise
The research conducted by Coalition Greenwich, a renowned global leader in strategic benchmarking, analytics, and insights for the financial services sector, in collaboration with Amberdata, a prominent blockchain and cryptoasset data firm, has revealed a significant trend: their findings indicate that a substantial 48% of asset management institutions are proactively overseeing cryptocurrency assets on behalf of their clients.
Surprisingly, these institutions maintain a positive and optimistic outlook on cryptocurrencies, even in the face of a generally bearish market sentiment.
The study, titled “Digital Assets: Managers Fuel Data Infrastructure Needs,” sought to examine how these institutions are incorporating digital asset services into their offerings, including client interactions, investment products, and related technologies, to meet the demands of their clients.
Bitcoin still below the $26K level on the weekly chart: TradingView.com
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Author: Christian Encila
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