Promising Institutional Sentiment Towards Crypto Adoption
Despite regulatory uncertainties, market volatility, and security concerns, institutional sentiment towards crypto adoption is promising. A recent report by Amberdata reveals that 24% of asset management firms in the US and the UK have already adopted a digital assets strategy.
Crypto as a Growing Business Line
Asset managers demonstrate a bullish sentiment towards digital assets, with a focus on investment products, crypto portfolios, and tokenization of traditional financial instruments. Amberdata’s report projects strong growth in the digital assets market, with 75% of surveyed asset managers expecting 11-20%+ growth in crypto assets under management (AUM) over the next five years.
Additionally, the report highlights that 25% of buy-side asset management firms already have a specific digital assets strategy, and another 13% plan to launch theirs within the next two years. This shows a serious commitment to digital assets adoption, as evidenced by the appointment of senior executives dedicated to overseeing the process.
Underscoring the Weight of Ripple’s Victory Against the SEC
Despite regulatory challenges, the US crypto market has displayed resilience, making it attractive for digital asset investors who prefer opportunities within their home markets. Ripple’s recent partial win against the SEC in court could potentially open up more assets for trading in the US.
As a result of the ruling, some crypto exchanges may leverage aspects of the decision to argue that certain digital assets should not be classified as unregistered securities. This could have implications for the availability and trading of various assets in the US market.
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