Institutional Investors See Cryptocurrency As Inevitable, OKX Study Finds
Research commissioned by exchange OKX found that institutional investors see entry into the digital asset space as inevitable. The report cites a “growing consensus” among institutional investors that digital assets such as cryptocurrencies, NFTs, and tokenized private funds are critical to asset allocations in portfolios.
Institutional interest in the crypto space continues to rise, partly inspired by the arrival of Bitcoin ETFs in the US, which brought BTC to Wall Street.
Institutional Investors See Digital Assets As Inevitable
The OKX report cited responses from TradFi titans such as Citi, Al Mal Capital, Skybridge Capital, and VanEck, among others. According to the study, institutional investors intend to increase their allocations to crypto, using a variety of investment strategies.
The low correlation between digital assets and traditional assets fuels institutional interest, making them valuable for diversification.
With the growing availability of investment vehicles such as ETFs and derivatives, institutions are increasingly optimistic about integrating digital assets into their portfolios.
“Approximately 51% of investors consider spot crypto allocations, 33% consider digital asset staking, and 32% consider crypto derivatives. 69% of institutional investors anticipated increasing their allocations to digital assets and/or related products over the next two to three years,” the report states.#Bitcoin #Binance #NFT #BNB #USDT $BNB $BTC $ETH