Nearly 40% of Institutional Investors Had Crypto Exposure in 2023, Survey Reveals
Nearly 40% of institutional investors had some exposure to crypto assets in 2023, a notable rise from the 31% recorded in 2021.
A recent survey conducted by KPMG in Canada and the Canadian Association of Alternative Assets & Strategies has revealed a significant increase in institutional investors’ interest in cryptocurrencies.
Per the survey, a third of respondents reported having at least 10% of their portfolio allocated to crypto assets, compared to only a fifth of respondents two years ago.
The survey also explored the reasons behind institutional investors’ growing interest in cryptocurrencies.
A majority of respondents, 67%, cited the maturing market and custody infrastructure as a significant factor, a significant increase from the 14% recorded in 2021.
Furthermore, 58% of respondents mentioned the strong market performance of cryptocurrencies as a motivating factor for their investments.
More and more institutional investors have been flocking towards tokenised assets.
Recent high-profile initiatives like the @BFXSecurities tokenised debt and @circle's new smart contracts are certainly playing a role.
The global financial landscape is rapidly evolving with… pic.twitter.com/RNqA1QoVfB
— Credbull (@credbullDeFi) May 21, 2024
The market performance of cryptocurrencies, particularly Bitcoin and Ethereum, has been remarkable in recent years.
Bitcoin, the world’s largest cryptocurrency by market capitalization, has experienced a 150% increase in 2023 and is up nearly 60% year-to-date.
Similarly, Ethereum, the second-largest cryptocurrency, has risen by approximately 60% in 2024.
The approval of spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) in January of this year has played a
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