Bitcoin tsunami in the horizon? Institutional investors (Inst. investors), are heavily examined by the markets, including those of cryptocurrencies of course, as they are very frequently in anticipation of fund moves. A recent poll suggests that the Inst. investors have already planned their next (often large) investments in the Bitcoin industry, contradicting prior research that indicated they were not waiting for a spot ETF of Bitcoin (BTC) to invest in cryptocurrencies. & Co.
THE TWO BIG FAVORITES OF INSTITUTIONS ARE BTC AND ETHEREUM
The Cointelegraph media released a global poll on “institutional demand for cryptocurrencies” on October 19, 2022. The Inst. investors are undoubtedly aware of what is going on in the cryptosphere, at the absolute least, is what we can conclude. They are genuinely prepared to seize the moment a positive rise in the market for cryptoassets appears.
In 84 different professional investor organizations, totaling $316 billion in assets under control, 3.3% of which were in cryptocurrencies, were polled by Cointelegraph Research. First exact observation is that 40% of them have already invested in Bitcoin and similar digital currencies.
Speaking of Bitcoin, these affluent investment funds continue to view it as their favorite asset class. 94% of the Bitcoin is in the hands of cryptocurrency owners. It should be mentioned nevertheless that Ethereum (ETH) also looks to be quite well-liked by institutions. So, ethers are 75% likely to be present. With 31% ownership each, stablecoins and tokenized securities (securities) follow.
STRATEGIES FOR INVESTMENT THAT DON’T EVEN WAIT FOR THE BULL RUN TO BEGIN
As a result, our beloved “whales” are already out and running, with a stated plan for buying cryptoassets to benefit from the sector’s upcoming phase of expansion. This study also supports the finding from the introduction that huge funds won’t wait to invest until the SEC has ultimately decided to authorize a Bitcoin spot ETF. Among them, just 10% consider employing this kind of financial instrument.
On the other hand, institutions like buying cryptoassets directly through exchange platforms by a wide margin. 55% of respondents would prefer this type of exposure to digital content.
Whatever the case, institutional investors do not want to miss the next bullish train in cryptocurrencies, that much is obvious. Some people are not waiting for the crypto winter to end. For its Bitcoin fund, NYDIG Group raised $720 million at the beginning of October.
