Share this article
Nickel Digital Sees Growing Institutional Demand in UK for Crypto
More than half of institutional investors plan to invest more in crypto by 2023, according to a survey.
Updated Sep 14, 2021, 1:44 p.m. Published Aug 24, 2021, 9:29 a.m.
Make us preferred on Google
Research by Nickel Digital, a digital asset hedge fund manager founded by former Goldman Sachs and JPMorgan investment professionals, found that more than half the U.K. institutional investors in a survey plan to increase their crypto asset exposure between now and 2023.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Of the 23 wealth managers and other institutions asked, 11 said they will add to their exposure, with a further six saying they will "dramatically" increase their exposure.
- The managers oversee $66.5 billion in assets and already have some exposure to digital assets.
- The long-term appreciation prospects of crypto assets was cited as the reason.
- Nine institutions said they have become more confident about how the asset class works, and nine cited the improving regulatory environment.
- Still, 16 expressed concerns relating to the relative size of the crypto market, issues with liquidity and a lack of transparency.
Read more: Nickel Digital Rotates Flagship Arbitrage-Strategy Fund Largely Out of Crypto Into Cash: Report
Plus pour vous
Plus pour vous
Bitcoin difficulty jumps 15% largest increase since 2021, despite price slump
Bitcoin difficulty rebounds to 144.4T as hashrate recovers to 1 ZH/s despite multi year low hashprice.
Ce qu'il:
- Bitcoin mining difficulty rose to 144.4T, jumped 15%, the biggest percentage increase since 2021.
- Hashrate has recovered to 1 ZH/s from 826 EH/s, even as hashprice sits at multi year lows around $23.9 per PH/s.
