Nickel: Institutional investors continue to boost their crypto holdings
Despite the previous year’s volatility, more than 9 out of 10 institutional investors and wealth managers still plan to increase holdings in crypto and digital assets in the year ahead, according to new global research by Nickel Digital Asset Management (Nickel).
The study found 91% of firms will increase investments in the sector over the next 12 months with more than one in eight (13%) planning to dramatically increase their holdings underlining growing confidence.
The research with professional investors in the US, UK, Germany, Switzerland, Singapore, Brazil and the United Arab Emirates found the planned expansion builds on strong growth in the previous year.
Nickel’s research with executives at pension funds, insurance asset managers, family offices, hedge funds and wealth managers, that collectively manage over $14 trillion in assets found shows that nearly 6 out of 10 (59%) increased their level of investment in crypto and digital assets in the previous 12 months including 12% who dramatically boosted investment levels.
More than a quarter (26%) questioned said they cut investment in the sector in the previous 12 months while 7% sold all their holdings. A further 5% say their investment level was unchanged in the period.