BBH recently conducted a sentiment survey among institutional investors, revealing a significant interest in cryptocurrencies, despite a temporary slowdown in purchases.
BBH analysts surveyed a diverse group of 325 institutional investors, financial advisors, and fund managers from the US, UK, Europe, and China, with 40% of the companies surveyed managing investment portfolios worth over $1 billion.
Results showed that nearly three-quarters of the respondents expressed “extreme or high levels of interest in cryptocurrency ETFs.”
However, due to the recent decline in the cryptocurrency market, only 25% of respondents plan to increase their investments in cryptocurrency ETFs over the next year.
On the other hand, 48% of respondents who haven’t invested in cryptocurrency yet plan to add such ETFs to their portfolio, with varying levels of interest across different countries – 58% in China, 55% in the USA, and only 29% in Europe.
BBH analysts noted that interest in cryptocurrency ETFs is growing due to a significant decrease in the volatility of the digital asset market, which has allowed asset managers to adapt to these indicators.
Moreover, as more companies consider diversifying their portfolio with cryptocurrency investments, the regulatory environment in various countries is also improving, making cryptocurrency ETFs increasingly attractive.
Lark Davis, a prominent cryptocurrency trader and blogger, also highlighted the growing institutional interest in bitcoin and digital assets.