According to a recent report by Amberdata, 24% of asset managers and hedge funds in the U.S. and Europe have hired senior executives to oversee digital asset strategies. An additional 13% are planning to do so in the next two years. The report also revealed that approximately half of the surveyed investment professionals include digital assets in their firm’s portfolio. Despite regulatory pressure in the U.S. crypto industry, the report predicts a potential positive outcome in the next few years, with the SEC and CFTC expected to provide opportunities for investors. Ripple’s recent legal victory against the SEC is also expected to attract more asset management firms to adopt digital asset strategies. In other news, European digital asset manager CoinShares reported a 33% increase in total revenue compared to the previous year’s quarter.
Summary:
– 24% of asset managers and hedge funds in the U.S. and Europe have hired senior executives for digital asset strategies.
– An additional 13% plan to do so in the next two years.
– Approximately half of the surveyed investment professionals include digital assets in their firm’s portfolio.
– Despite regulatory pressure, the report predicts positive opportunities for investors in the next five years.
– Ripple’s legal victory against the SEC may attract more asset management firms to adopt digital asset strategies.
– CoinShares reported a 33% increase in total revenue compared to the previous year’s quarter.
