Seven in 10 institutional investors expect to invest in or buy digital assets in the future, although price volatility is the main barrier for new entrants, a study by Fidelity's cryptocurrency business found and Reuters reported. More than half of the 1,100 institutional investors surveyed globally by Coalition Greenwich on behalf of Fidelity Digital Assets between December and April said they had digital asset investments. Around 90% of those interested in investing in future said they expected their company's or their clients' portfolios to include digital asset investments within the next five years, the research found. This included direct cryptocurrency investments or exposure through stocks of cryptocurrency companies or other investment products. Those surveyed included high net worth investors, family offices, digital and traditional hedge funds, financial advisors and endowments. Launched in 2018, Fidelity Digital Assets is the cryptocurrency business of Boston-based Fidelity Investments and offers institutional investors custody and execution services for assets such as bitcoin. The company was one of the first mainstream financial services providers to embrace cryptocurrencies, which increasingly have attracted established financial institutions.
