An increasing number of investment firms in the United States, the United Kingdom and Europe are appointing senior executives to lead digital asset investment strategies, according to findings from a market intelligence firm.
According According to a recent Amberdata report titled โDigital Assets: Data Infrastructure Fuel for Managers,โ 24% of asset management firms have adopted a digital asset strategy, and an additional 13% plan to do so in the next two years. .
โThese positions are being staffed, with nearly a quarter of companies having a senior position dedicated to digital assets, reflecting the seriousness of the implementation and buy-in from senior management.โ
The report surveyed 60 investment professionals in the United States, United Kingdom and Europe. Those interviewed included asset managers, hedge funds and other investors.
About half (48%) of study participants include digital assets in their company portfolio. Amberdata also predicts that in the next two years, an increasing number of asset managers will continue to emphasize digital asset trading and investment strategies.
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Although continued regulatory pressure In the US crypto industry from the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), Amberdata predicts a possible positive outcome in the coming years:
โThe good news is that the tide may be turning. โOver the next five years, the SEC and CFTC are expected to provide the most positive opportunities for investors in our study,โ the report states.
Furthermore, he highlighted that Ripple's recent partial legal victory against the SEC may attract more asset management companies to adopt a digital asset strategy.
In recent news, European digital asset manager CoinShares reported total income of 20.3 million pounds ($25.9 million) in the second quarter of 2023, an increase of 33% compared to the prior-year quarter.
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