LIVE
Asset Management Company Fidelity Announces Investors Who Are Favorable to Bitcoin ETFs!
According to Fidelity Digital Assets Vice President Manuel Nordeste, retirement planners are slowly warming up to the idea of investing in crypto assets.
Retirees Examine Crypto Investments, Fidelity Sees $4.7 Trillion Opportunity
Speaking at an event in London, Nordeste revealed that defined benefit plans and other pension funds have begun discussing crypto assets with their investment committees.
While the crypto market is largely dominated by small-scale but sophisticated investors such as family offices and high-net-worth individuals, larger institutional investors are starting to show interest.
Nordeste noted that Fidelity Digital Assets, founded in 2018, initially attracted interest from family offices, private asset managers and hedge funds, but has now begun to engage with larger institutional investors and companies.
A survey by Fidelity Digital Assets found that 80% of high-net-worth individuals have a positive view of digital assets, compared to only 23% of retirement plans.
Additionally, while 48% of these individuals invested in digital assets, only 7% of their retirement plans invested in digital assets.
Pension funds, known for their conservative strategies, are taking a cautious approach to the volatile crypto market.
Additionally, while 48% of these individuals invested in digital assets, only 7% of their retirement plans invested in digital assets.
Pension funds, known for their conservative strategies, are taking a cautious approach to the volatile crypto market.
