A growing number of investment firms in the U.S., U.K. and Europe are appointing senior executives to lead digital asset investment strategies, according to findings from a market intelligence firm.
A recent Amberdata report titled “Digital Assets: Data Infrastructure Fuel for Managers” revealed that 24% of asset managers have adopted a digital asset strategy, with a further 13% planning to do so within the next two years.
“These positions are being staffed, with nearly a quarter of companies holding senior roles dedicated to digital assets, reflecting a serious approach to implementation and support from senior management.”
The report surveyed 60 investment professionals in the United States, United Kingdom and Europe. Respondents included asset managers, hedge funds and other investors.
About half (48%) of study participants include digital assets in their company’s investment portfolio. Amberdata also predicts that in the next two years, more and more asset management companies will continue to emphasize digital asset trading and investment strategies.
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Although the U.S. cryptocurrency industry faces continued regulatory pressure from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), Amberdata predicts positive outcomes are likely in the coming years:
“The good news is that the tide may be turning. In our research, the SEC and CFTC are expected to offer the most positive opportunities for investors over the next five years,” the report states.
Additionally, it highlighted that Ripple’s recent victory in some of its legal actions against the SEC may attract more asset managers to adopt digital asset strategies.
In recent news, European digital asset management company CoinShares reported total revenue of 20.3 million pounds ($25.9 million) in the second quarter of 2023, an increase of 33% from the same period last year.
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