Majority of Professional Investors Yet to Embrace Crypto, But Nearly Half Might Enter Through ETPs | National Crowdfunding & Fintech Association of Canada

• According to a survey by Trackinsight:
  • 75% of professional investors currently have no exposure to cryptocurrencies, but around 48% would consider investing in exchange-traded products (ETPs) focused on single-token cryptocurrencies, and
  • 47% would consider ETPs offering exposure to multiple cryptocurrencies. This interest stems from ETPs being a more appealing way to gain exposure to cryptocurrencies than dealing directly with digital wallets.
• Traditional investments in cryptocurrencies are less attractive to these professional investors, with only 37% expressing interest in direct investment. Still, a significant portion (23%) stated they would not consider investing in crypto at all. The survey suggests a growing interest in cryptocurrency investment via ETPs given the recent surge in Bitcoin prices.

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• Surveyed professional investors remain largely focused on Bitcoin (59%) and Ether (49%). Asset managers are responding to this trend by seeking to launch new crypto-related products, including ETPs.
  • Notably, Grayscale Investments has filed for three new ETFs, one of which would invest in other ETPs that hold or are backed by Bitcoin and Bitcoin mining companies.
  • However, JPMorgan Asset Management noted that while ETFs are a great tool for diversification, offering crypto ETFs is not a focus for the firm in the near future.

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