Nickel: Growing institutional involvement is driving crypto fund launches
The increasing involvement by large traditional financial institutions in crypto is triggering a boom in new fund launches in the sector, according to new global research by London-based Nickel Digital Asset Management (Nickel).
Its survey with institutional investors and wealth managers worldwide found 90% predicting a rise in crypto and digital asset fund launches in the next 12 months with 18% forecasting a dramatic increase.
The research with executives at pension funds, family offices, insurance asset managers, hedge funds and wealth managers based in the US, UK, Germany, Switzerland, Singapore, Brazil and the United Arab Emirates firms that collectively manage over $14 trillion in assets found they expect traditional financial institutions to join the boom in fund launches.
Nearly half (48%) expect a dramatic rise in digital asset fund launches by large traditional financial organisations over the next three years with a further 51% predicting a slight increase in fund launches from major firms.
Nickel’s study found the growing involvement of traditional financial institutions in the digital asset space is a major positive influence on investment strategies worldwide.
Around a quarter (23%) say the increasing involvement is very positive for the sector while a further 71% view their growing involvement quite positively. Just 5% say increased involvement by traditional financial organisations has no impact on their investment strategy.
