A study showing how asset management firms approach digital assets yielded surprisingly positive results. Crypto data provider Amberdata has partnered with global financial services company Coalition Greenwich. It was stated that 48 percent of the respondents, which include hedge funds, venture capital firms and family offices, are storing digital assets on behalf of their clients. According to the research; 22 percent hold $1 to $10 million, 19 percent hold $11 to $50 million, and just one institution holds over $1 billion in digital assets and crypto.
It seems that investment management companies are not small-scale either. It is stated that one-third of the companies have at least $5 billion in assets under management, the other three-thirds have between $1 and $5 billion in assets, and the last one-third have less than $1 billion in assets. Shawn Douglass, CEO of Amberdata company, stated that the results of the research are surprising, and that especially US-based companies are extremely optimistic about the future despite the lack of regulation.
It was stated that 85% of the companies participating in the research also think that the SEC and CFTC will take positive steps towards crypto in the long term, despite some difficulties in the short term.