Institutional buyers are optimistic concerning the U.S. Securities and Exchange Commission (SEC) having extra energy to regulate the crypto market, a current survey reveals. They imagine that if the SEC is granted further powers, the costs of cryptocurrencies can be positively impacted.
What Institutional Investors Think About Crypto
Nickel Digital Asset Management, a regulated European digital asset hedge fund supervisor, lately launched a report on the institutional adoption of crypto belongings.
The report features a survey and interviews with 50 wealth managers and 50 institutional buyers throughout the U.S., the U.Ok., Germany, France, and the United Arab Emirates (UAE). They collectively handle round $108.4 billion.
The report explains that safety considerations prime the checklist of why institutional buyers are skeptical about investing in crypto belongings. According to the survey outcomes, 79% of all respondents see asset custody as the important thing consideration for investing within the crypto area. The report additional notes:
This was adopted by 67% who stated worth volatility, 56% who cited market cap, and 49% who stated the regulatory atmosphere.
“Further 12% included the carbon footprint from Bitcoin and other cryptocurrencies in their top three reasons for not investing,” the report provides.
Respondents had been additionally requested about crypto regulation. SEC Chairman Gary Gensler has known as on Congress to present the SEC with extra energy to regulate crypto exchanges and actions similar to buying and selling and lending.
The majority of respondents are optimistic concerning the prospect of the SEC being empowered with extra authority to regulate crypto belongings. Among them, 76% count on this can be granted this yr.
The report detailed:
If the SEC is granted these further powers, 73% of institutional buyers and wealth managers imagine it will have a constructive affect on the worth of crypto and digital belongings and 32% imagine it should have a really constructive impact.
Do you suppose the SEC ought to have extra energy to regulate the crypto area? Let us know within the feedback part beneath.
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