According to a recent report by market intelligence firm Amberdata, 25% of asset managers and hedge funds in the U.S. and Europe have hired senior executives to oversee digital asset strategies. The report also found that 24% of asset management firms have already adopted a digital assets strategy, with an additional 13% planning to do so in the next two years. The study surveyed 60 investment professionals across the U.S., U.K., and Europe, including asset managers, hedge funds, and other investors. Despite regulatory pressure in the U.S. crypto industry, the report predicts a potential positive outcome in the next few years. 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 in the second quarter of 2023 compared to the previous year’s quarter.
Summary:
– 25% of asset managers and hedge funds in the U.S. and Europe have hired senior executives for digital asset strategies.
– 24% of asset management firms have already adopted digital assets strategies.
– An additional 13% of firms plan to adopt digital asset strategies in the next two years.
– The report surveyed 60 investment professionals across the U.S., U.K., and Europe.
– Despite regulatory pressure, the report predicts a positive outcome 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 in Q2 2023 compared to the previous year’s quarter.
