Asset Managers Diversify Portfolio to Include Digital Assets: Report

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A newly released Amberdata report titled “Digital Assets: Managers’ Data Infrastructure Fuel,“ suggests that one-fourth of asset managers and hedge funds in the United States, the United Kingdom, and Europe are hiring senior executives to lead their digital asset investment strategies. 

The report confirmed that about 24% of these organizations have already adopted a digital asset strategy while another 13% are planning to do so within the next two years.

“These roles are being staffed up, with almost a quarter of firms with a senior role dedicated to digital assets, reflecting seriousness about implementation as well as senior management buy-in.”

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The Survey Basis

Noteworthy, the survey was conducted virtually by Coalition Greenwich in collaboration with Amberdata and it took place between May and June 2023.

About 60 asset management firms and hedge fund professionals across the U.S., U.K., and Europe with roles ranging from portfolio managers, traders, analysts, researchers, and managing directors, participated in the research.

According to the report, the focus was to “better understand how institutions are implementing digital assets, including investment strategies, products, data, and technologies to support the asset class.”

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Growing Number of Digital Asset Institutional Investors

Based on the results of the research, approximately 48% of respondents have a mixed financial portfolio that includes digital assets. On a closer look, Amberdata predicted that there would be an increase in the number of asset managers who are interested in digital asset trading and investment strategies within the next two years.

Surprisingly, Amberdata’s prediction comes amidst a progressive effort of U.S regulators including the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) to crack down on crypto activities.

Crypto Firms Record Victory Against U.S. Regulators

Notwithstanding, it is important to recognize the victories that crypto-related entities have recorded against these regulators in recent times. Judge Analisa Torres ruled that XRP is not security, thereby, granting Ripple Labs partial victory against SEC. Grayscale equally won a crucial court battle against the SEC over its application for a spot Bitcoin exchange-traded fund (ETF).

Considering these shifts, the Amberdata report says “The good news is that the tide may be turning. In the next five years, the SEC and the CFTC are expected to be providing the most positive opportunities for investors in our study.”

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