Questionnaire conducted by Nomura-supported Digital Asset Business targeting professional investors laser digital found 96% “Eager to invest in cryptocurrencies”.

Nomura is an investment bank and securities firm headquartered in Tokyo with assets under management of ¥67.3 trillion ($475.4 billion) across 30 countries.

Institutional Interest in Cryptocurrencies Updated

The survey involved 303 professional investors managing a total of $4.95 trillion in assets.

In addition to the high proportion of professional investors who are “enthusiastic about investing in cryptocurrencies,” the survey found that 82% had a positive outlook on Bitcoin and Ethereum, and 88% said they or their customers would invest in cryptocurrencies. It was also revealed that they answered that they are considering investing in

Laser Digital CEO Jez Mohideen commented on the results:

“Our comprehensive survey shows that the majority of institutional investors surveyed recognize the distinct role of digital assets in the investment management environment and the benefits they bring, such as portfolio diversification. It became clear.”

On June 5-6, the U.S. Securities and Exchange Commission (SEC) stepped up its digital asset enforcement efforts by indicting Binance and Coinbase for alleged violations of securities laws.

The SEC’s actions sparked a market panic, leading to a $133 billion plunge, with the total cryptocurrency market capitalization bottoming out at $1.01 trillion on June 15th.

blackrock bitcoin ETF

On June 15, asset manager BlackRock filed for a spot Bitcoin ETF in the face of a bear market in the cryptocurrency market and a wave of hostile regulatory enforcement.

Alex Adelman, CEO of bitcoin rewards app Lori, said the BlackRock ETF filing has reinvigorated institutional interest in bitcoin. He expects “a new wave of bitcoin-related financial products for institutional investors” to continue from Wall Street.

“The effort by BlackRock, the world’s largest asset manager, to apply for a Bitcoin ETF reflects the growing demand for bitcoin exposure among its clients, including some of the world’s largest financial institutions. shows.”

The BlackRock ETF filing sowed the seeds of division on many fronts, including whether deepening institutional involvement would be net positive for the Bitcoin community. Regarding the filing’s approval by the SEC, some point to BlackRock’s near-perfect track record in the matter.

However, the litigant Joe Carrasare He said the proposed structure was “functionally identical” to previous applications from other asset managers, both of which were rejected, so he would be “shocked” if the applications were approved.

Carlasale added that the path to the first spot bitcoin ETF is likely to be acceptance of Grayscale’s transfer application to the GBTC trust product.

CryptoSlate was the first wave of institutional interest to emerge after BlackRock’s Bitcoin ETF filing.

By Jules

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