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Abrdn, Amundi, Aviva Investors: FTX collapse a ‘major setback’ for crypto uptake
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fnlondon.comHeavyweight fund groups including Abrdn and Aviva Investors said other big name investors that have steered clear of cryptocurrencies will be extra cautious of entering the market following FTX's collapse.
Asset managers have previously voiced concern over cryptocurrencies such as bitcoin, claiming a lack of regulatory oversight, extreme volatility and uncertain diversification benefits make them a questionable fit for portfolios.
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Read more on fnlondon.comAbout this in other media
FTX hacker reportedly transfers a portion of stolen funds to OKX after using Bitcoin mixer cointelegraph.com /1 year ago
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Kraken Crypto Exchange Founder Jesse Powell Says This One Thing Can Trigger the Next Bull Market cryptonews.com /2 years ago
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