Research: Nearly 50% of surveyed asset management companies are managing cryptocurrencies

Odaily Planet Daily News A study jointly conducted by digital currency data provider Amberdata and Coalition Greenwich found that 48% of institutional investors surveyed are currently managing digital assets (cryptocurrencies). Despite recent market volatility, growth expectations remain strong. In the next five years, three-quarters of the fund managers surveyed expect digital asset AUM to expand, with more than 40% expecting an increase of more than 11%-20%. The report details that fund managers believe there is a growing market opportunity for managing digital assets, with 44% of respondents expecting digital assets to become a growing business line within the next three to five years. The report states: “While most believe institutional enthusiasm for digital asset adoption has waned, 46% of respondents are neutral or positive about the current state of adoption. Additionally, those companies focused on digital assets are significantly more actively involved ." (Bitcoin.com)