The National Crowdfunding & Fintech Association of Canada recently released a report stating that professional investors are showing limited interest in cryptocurrencies. However, the report also suggests that there is potential for increased adoption through exchange-traded products (ETPs).
The report surveyed 50 professional investors, including hedge fund managers, family offices, and pension funds. It found that only 2% of respondents currently hold cryptocurrencies in their portfolios, and 76% have no plans to invest in them in the future.
The main reasons cited for the lack of interest were the high volatility and lack of regulation in the crypto market. Many investors also expressed concerns about security and the potential for fraud.
However, the report also highlights the potential for increased adoption through ETPs. ETPs are investment products that track the performance of an underlying asset or index, such as a cryptocurrency. They are traded on stock exchanges and offer investors exposure to the asset without having to directly hold it.
The report notes that ETPs could provide a more regulated and secure way for professional investors to gain exposure to cryptocurrencies. It also suggests that the recent approval of a Bitcoin ETF in Canada could lead to increased interest in crypto ETPs.
Overall, the report suggests that while professional investors may be hesitant to directly invest in cryptocurrencies, there is potential for increased adoption through ETPs. As the crypto market continues to mature and become more regulated, it will be interesting to see how investors respond and whether ETPs become a popular way to gain exposure to this emerging asset class.
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- Source: https://zephyrnet.com/majority-of-professional-investors-yet-to-embrace-crypto-but-nearly-half-might-enter-through-etps-national-crowdfunding-fintech-association-of-canada/
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