According to a report by Amberdata, a market intelligence firm, an increasing number of investment firms in the United States, United Kingdom, and Europe are hiring top executives to lead crypto asset investment strategies. Despite regulatory pressures, Amberdata predicts a positive outlook for the crypto industry and expects the SEC and CFTC to provide more opportunities for investors. The report also suggests that Ripple‘s legal victory against the SEC could attract more asset management firms to crypto asset strategies.
Continued Adoption of Crypto Assets
‘Crypto Assets: Fueling Managers’ Data Infrastructure,’ a recent report by Amberdata, reveals that 24% of asset management firms have adopted crypto asset strategies, and an additional 13% plan to take steps to adopt crypto assets within the next two years.
“The fact that nearly a quarter of firms have a dedicated senior role for crypto assets reflects both the seriousness of implementation and the involvement of top management.”
The report surveyed 60 investment experts from the United States, United Kingdom, and Europe, including asset managers, hedge funds, and other investors. Approximately 48% of the participants included crypto assets in their company’s portfolio. Amberdata also predicts that an increasing number of asset managers will continue to highlight crypto asset trading and investment strategies in the next two years.
Numbers Following SEC Victory
Despite ongoing regulatory pressures from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), Amberdata anticipates a potential positive outcome in the crypto industry in the coming years:
“The good news is that the tide may be turning. Over the next five years, it is expected that the SEC and CFTC will provide the most favorable opportunities for investors in our work.”
The report also emphasizes that Ripple’s recent partial legal victory against the SEC could attract more asset management firms to adopt crypto asset strategies. In recent news, European crypto asset manager CoinShares reported a 33% increase in total revenue, reaching £20.3 million ($25.9 million) in the second quarter of 2023 compared to the same quarter of the previous year.
