According to a recent report by Amberdata, a market intelligence firm, there is a growing trend among investment firms in the United States, United Kingdom, and Europe to appoint senior executives to lead digital asset investment strategies. The report, titled ‘Digital Assets: Managers’ Data Infrastructure Fuel,’ reveals that 24% of asset management firms have already adopted a digital assets strategy, and an additional 13% are planning to do so in the next two years.
The findings of the report indicate that these firms are taking digital assets seriously, as evidenced by the fact that almost a quarter of them have dedicated senior roles for digital assets. This reflects both the seriousness about implementing this new investment strategy and the buy-in from senior management. The report also includes a visual representation of organizations with senior roles specifically dedicated to digital asset strategy implementation.
To gather this information, the report surveyed 60 investment professionals across different regions, including asset managers, hedge funds, and other investors. The study found that approximately 48% of the participants already include digital assets in their firm’s portfolio. Moreover, Amberdata predicts that in the next two years, more asset managers will continue to focus on digital asset trading and investment strategies, further increasing the adoption of this emerging investment trend.
Interestingly, the report also states that despite ongoing regulatory pressure in the U.S. crypto industry from the SEC and CFTC, there is potential for a positive outcome in the coming years. It suggests that both regulatory bodies are expected to provide more opportunities for investors, indicating a potential shift in the regulatory landscape.
Furthermore, the report highlights the recent partial legal victory of Ripple against the SEC as a factor that might attract more asset management firms to adopt digital asset strategies. This development, coupled with the increasing interest in digital assets among investors, could lead to further growth in this market.
In related news, European digital asset manager CoinShares reported a total revenue of 20.3 million pounds ($25.9 million) in the second quarter of 2023. This represents a 33% increase compared to the same quarter of the previous year, reflecting the growing demand for digital asset management services.
Overall, the findings of the Amberdata report indicate a significant shift in the investment landscape, with more asset management firms recognizing the potential of digital assets and appointing senior executives to lead their investment strategies in this area. With several factors aligning, including potential regulatory changes and successful legal battles in the crypto industry, the future looks promising for digital asset investments.
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