Coalition Greenwich Report: Nearly Half of Asset Managers Engage in Crypto Holdings for Clients

Coalition Greenwich Report: Nearly Half of Asset Managers Engage in Crypto Holdings for Clients


Asset Managers Still Optimistic About Cryptocurrency Regardless of Regulatory Hurdles

Regardless of facing plenty of lawsuits with Web 3.0 corporations, asset managers remain positive trend on the United States market for digital currencies. Although while 48% of institutions surveyed as of now offer cryptocurrency services, 52% cited regulatory hurdles as the reason for not offering these services. These hurdles include unclear regulations around tax, security concerns, and KYC issues. Nonetheless, regardless of these challenges, the bulk of asset managers expect the overall cryptocurrency market to grow in the next five years.

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Institutional Investors Showing Increased Interest

In the year, institutional investors have shown a renewed appetite for the market, with the possible approval of a spot Bitcoin (BTC) ETF by the SEC. The recent spike in institutional demand was triggered by BlackRock’s ETF application, which pushed the price of Bitcoin over $31,000. The survey likewise revealed that asset managers anticipate the expansion of centralized exchanges in the coming years. In addition, 85% of institutions believe that the SEC will adopt a more positive stance on cryptocurrency in the future.

Interest in Decentralized Finance (DeFi) Products

Another noteworthy finding is the growing interest in decentralized finance (DeFi) products between asset managers. Although while institutions at the beginning focused on traditional services like trading and investing, there is now a shift towards exploring DeFi opportunities. This indicates a broader acceptance and understanding of the  capacity of decentralized finance in the future.

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Hot Take

Regardless of regulatory challenges, asset managers remain optimistic about future of the digital currencies. The  capacity approval of a Bitcoin ETF and the increasing interest in DeFi products signal a growing acceptance of digital assets in the institutional investment landscape. As the regulatory environment becomes clearer and more supportive, we can expect further growth and adoption of digital currencies in the coming years.

Author – Contributor at | Website

Wyatt Newson emerges as a luminary seamlessly interweaving the roles of crypto analyst, dedicated researcher, and editorial virtuoso. Within the dynamic canvas of digital currencies, Wyatt’s insights resonate like vibrant brushstrokes, capturing the attention of curious minds across diverse landscapes. His ability to untangle intricate threads of crypto intricacies harmonizes effortlessly with his editorial mastery, transmuting complexity into a compelling narrative of comprehension.

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