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The survey was conducted at the request of Binance Research and the Binance VIP & Institutional division of the world’s largest cryptocurrency exchange. In total, more than 200 institutional investors were surveyed.<br
63% of respondents believe cryptocurrencies are promising over the next 12 months. And if we take the next ten years, the share of optimists increases to 88%.
According to the study, 47% of institutional investors have maintained their stakes in cryptocurrency over the past year, while more than a third (35.6%) have increased their stakes over the same period. Most respondents (50%) expect to increase their investments in the future, and only 4.3% are going to reduce their investments in cryptocurrency in the next 12 months.
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“Institutional investors believe that improved regulatory clarity will help spur the adoption of cryptocurrencies,” the analysts wrote.
According to analytics platform Glassnode, miners sent $128 million in cryptocurrency to exchanges in the last week alone, equivalent to 315% of their daily income.
Institutional investors invested $65.3 million in the ProShares Bitcoin Strategy ETF (BITO) last week, and the fund’s total capitalization reached $1 billion, a 12-month record;