Cryptocurrencies
Fidelity Says a Third of Big Institutions Own Crypto Assets
- Firm surveyed nearly 800 institutions in U.S. and Europe
- More than 25% of the respondents hold Bitcoin, 11% own Ether
Photographer: Jung Yeon-Je/AFP via Getty Images
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About a third of large institutional investors own digital assets such as Bitcoin, according to a survey from Fidelity Investments.
Across the U.S. and Europe, 36% of the survey’s 774 respondents said they own cryptocurrencies or derivatives. In the U.S., 27% of institutions -- including pension funds, family offices, investment advisers and digital and traditional hedge funds -- said they own digital assets, up from 22% about a year ago, when Fidelity surveyed 441 institutions just in the U.S. In Europe, 45% of respondents are invested in digital assets.