59% of those surveyed by Barnes Law Firm & Thornburg representatives of management companies announced their readiness to increase the share of cryptocurrencies in client portfolios. Cointelegraph writes about this.
"This is more than last year, when the majority stated that the state of the digital asset market had a significant negative impact on their organization," the report notes.
The study surveyed 138 executives of private, venture capital, hedge funds and investment banking firms operating in various sectors of the U.S. economy.
84% of respondents reported expectations of an increase in private investments in digital assets during the specified period.
26% of participants indicated a decrease in the likelihood of investing in such products due to volatility (46%), fraud (43%) and platform collapse (43%).
"A year and a half after the FTX bankruptcy, we are seeing a significant recovery in digital gold and other cryptocurrencies. SEC approval of bitcoin ETFs is an important event for the industry and can be an impetus for investments in private funds and other unregulated products," said a Barnes partner & Thornburg Scott Bales.
The key issue for respondents remains profitability (54%). Less significant are the financing conditions — 50% compared to last year's 23% due to the growth of barriers to raising capital.
Recall that by the end of the first quarter of 2024, 13 of the 25 largest US hedge funds owned bitcoin-based products, according to River.
In May, the head of BlackRock's digital assets department, Robert Mitchnik, announced expectations of a new wave of inflows of funds into spot BTC-ETFs due to the participation of institutions.
In April, Bernstein analysts presented a similar forecast.
https://forklog.com/news/ekspert-nazval-dva-moshhnyh-katalizatora-sprosa-na-bitkoin-etf