This article has been republished with permission from Binance News.
According to Cointelegraph, a recent report by market intelligence firm Amberdata reveals that an increasing number of investment firms in the United States and Europe are appointing senior executives to lead digital asset investment strategies. The report, titled ‘Digital Assets: Managers’ Data Infrastructure Fuel,’ states that 24% of asset management firms have adopted a digital assets strategy, with an additional 13% planning to do so in the next two years.
The report surveyed 60 investment professionals across the United States, United Kingdom, and the European Union, including asset managers, hedge funds, and other investors. It found that approximately 48% of the firms surveyed have digital assets in their portfolio. Over the next two years, managers are expected to prioritize trading and investment strategies, with a strong emphasis on creating innovative investment products.
Despite regulatory pressure from the United States Securities and Exchange Commission (SEC) and Commodities Futures Trading Commission (CFTC), the report suggests that there could be a positive outcome in the next few years. It also highlights that Ripple’s recent partial legal victory may attract more asset management firms to adopt a digital asset strategy. In related news, European digital asset manager CoinShares reported total revenue of 20.3 million pounds ($25.9 million) in the second quarter of 2023, a 33% increase compared to the prior year’s quarter.