A recent survey from Fidelity shows 58% of institutional investors already own cryptocurrency.
Institutional Investor Presence In Crypto Sector Continues To See Growth This Year
As per data from an institutional investor digital assets study by Fidelity, digital asset ownership among these investors has gone up by 6% during the past year, despite the industry being deep into a bear market.
The survey was conducted between January and June of this year, and included 1,052 respondents in total. Some 410 of these investors were based in the U.S., 283 in Asia, and 359 in Europe.
The institutional investor type composition looked like this:
As for the results of the study, a blog post from Arcane Research has neatly summed up the year-to-year comparison of the data in the form of charts.
First, here is the graph showing the percentage of survey respondents who answered that they already own digital assets:
As you can see above, 58% of the institutional investors that took the survey this year owned crypto at the time of the study.
This is an increase of 6% over the 2021 results, despite the market going through a particularly harsh bear this year.
Back in 2019, digital asset ownership among these investors was just 22%, suggesting that institutional presence in the sector has immensely gone up in recent times.
Arcane Research notes that these results could be skewed towards an overrepresentation of positive crypto bias, as Fidelity clients have been generally more exposed to research and commentary related to the sector, due to Fidelity’s positive presence in the space.
“Still – given the survey’s unchanged methodology and consistent sample size, the results remain telling related to the institutional presence in the space,” reads the blog post.
BTC Price
At the time of writing, Bitcoin’s price floats around $20.568, up 8% in the last week. Over the past month, the crypto has gained 7% in value.
