Institutions are not only oblivious to the crypto bear market—they are outright bullish.

That’s according to crypto data provider Amberdata, which teamed up with global financial services analyst Coalition Greenwich to research how asset managers are approaching digital assets.

In their Digital Assets: Managers Fuel Data Infrastructure Needs report, published Wednesday, the firms assessed sixty asset managers from the U.S. in its majority, Europe and the U.K. The entities include hedge funds, venture capital firms and family offices.

For Amberdata CEO Shawn Douglass, the most striking finding was that nearly half (48%) of asset managers currently have digital assets under management.

The figures for digital assets under management (AUM) among these entities vary, however. The bulk fall in the lower bound, with 22% reporting between $1-10 million. An additional 19% currently hold between $11-50 million in crypto for their clients, while just one institution operates more than $1 billion in digital assets.

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Author: Pedro Solimano

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