The Block15 minutes ago

Published on March 05, 2024 13:06 GMT+00:00edited on March 05, 2024 13:09 GMT+00:00

Research by London-based Nickel Digital showed that institutional investors and wealth managers with crypto holdings plan to boost their crypto investments in the year ahead as their short and long-term outlook on the sector turns more favorable.

"The robust performance of the sector, coupled with the SEC's approval of spot bitcoin ETFs, was anticipated to augment optimism within the sector, but the number of respondents intending to elevate their investments in crypto is still remarkable," Nickel Digital Founding Partner Anatoly Crachilov said.

Data collected by Nickel Digital showed that around 74% of institutional investors and wealth managers with digital asset exposure plan to increase their allocations this year. According to Nickel Digital's new research, approximately 87% of …