Fidelity: US Pension Funds Explore Crypto And Bitcoin, Eyeing $10 Trillion AUM
Institutional investors, including US pension plans, are increasingly interested in investing in crypto assets, with 74% expressing intention to buy or invest in digital assets. Concerns include price volatility, lack of fundamentals, security issues, market manipulation, and regulatory classification. The survey also highlighted a notable shift in perception among institutional investors, with higher adoption rates and consideration of digital assets among specific investor groups. Bitcoin exchange-traded funds (ETFs) and multi-digital asset funds emerged as the most appealing products among surveyed investors. Europe and Asia are more accepting of digital assets in their portfolios than the US. Bitcoin has regained the $60,500 threshold after a steep drop from its all-time high of $73,700.
