One Third of Institutions Have Invested in Crypto Says Fidelity

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One Third of Institutions Have Invested in Crypto Says Fidelity

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A survey published by Fidelity has found that more than one-third of institutional investors globally are exposed to crypto assets.

A Fidelity survey of 774 institutional investors found that more than one-third of firms worldwide have invested in digital assets or derivatives.

While 36% of institutions own crypto globally, multinational financial services company  Fidelity found that only 27% of the 441 U.S. institutions surveyed are exposed to crypto — although that’s up from 22% last year. Close to half of European institutions are long on virtual assets.

Bitcoin (BTC) is the most popular cryptocurrency investment, with more than a quarter of respondents holding BTC, while 11% of firms own Ether (ETH).

Fidelity commissioned Greenwich Associates to conduct the survey from November until early March — with the data reflecting the crypto positions of firms as of before the violent ‘Black Thursday’ crash that saw crypto prices drop by 50% or more.

Readmore: https://cointelegraph.com/news/one-third-of-institutions-have-invested-in-crypto-says-fidelity