Survey: Most professional European investors bought digital assets or plan to

To gain a deeper understanding of how professional investors feel about digital assets, Cointelegraph Consulting has published a 70+ page research report written by eight authors and supported by SIX Digital Exchange, BlockFi, Bitmain, Blocksize Capital, and Nexo.

The Discovering Institutional Demand for Digital Assets report highlights which coins wealthy investors already own and which ones they plan to buy in the coming months.

The total assets under management of the 55 portfolio allocators that participated in the survey was over €719 billion, which is almost double the entire market capitalization of the digital asset market.

Out of those professional investors, 36% already had blockchain-inspired assets in their portfolio either through direct investment in cryptocurrencies, stablecoins, and security tokens or via funds, structured products, or futures.

This results in 36% + 25.15% = 61.15% of professional investors in the survey either already owning digital assets or planning to buy in the future.

The majority of investors with exposure to cryptographic assets were primarily interested in Bitcoin and Ethereum.

Out of the 39.29% of investors that plan to invest in the future, security tokens were more popular than Ethereum and other alternative coins.

Some investors hold cryptographic assets for speculation rather than for use as a medium of exchange.

The sheer size of the wealth managed by professional investors like pension funds, university endowments, and insurance companies is enough to have a dramatic impact on the entire digital asset industry if they enter the market.

Cointelegraph Consulting offers bespoke research on digital assets and distributed ledger technology.