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- Asset managers maintain a robust interest in digital assets despite the turbulent market and unclear regulatory climate.
- A new survey indicates an optimistic outlook for the growth of the digital assets sector, with a significant focus on developing specialized strategies.
- Centralized exchanges are anticipated to expand in the coming years, a surprising trend given recent setbacks.
In the face of fluctuating crypto markets and regulatory uncertainties, asset managers demonstrate unwavering interest in the digital assets industry, fostering growth prospects and burgeoning investment strategies, according to a recent report.
Surge in Asset Managers Dabbling in Digital Assets
The recent report by Coalition Greenwich and Amberdata reveals a steadfast interest from asset managers in the crypto sector, regardless of the prevailing market dips and unclear regulatory environment. About half of the surveyed buy-side professionals from the U.S. and Europe are actively steering investments into the digital assets sphere, fostering infrastructural needs and envisioning substantial growth in assets under management in the forthcoming years.
Anticipating Substantial Growth: A Peek into the Future
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Despite the cloudy regulatory atmosphere, the asset management professionals are holding a bright outlook for the digital assets industry. A significant portion envisages a compound annual growth rate (CAGR) of at least 11%, with a notable segment predicting a rise of 20% or more. Moreover, several firms are either already equipped with a specialized digital asset strategy or are in the stages of unveiling one in the next couple of years, setting the stage for offerings like ETFs and tokenized securities.
The U.S. Retains Attraction as a Crypto Hub: Regulatory Perspectives
The report paints a surprising picture of asset managers’ stance on the regulatory scenario in the U.S. Despite the SEC’s stern actions against key crypto exchanges, there is an expectation that the U.S. will emerge as a prudent regulatory hub for the crypto industry. This optimism comes with a forecast that centralized exchanges are set to burgeon, a trend starkly contrasting with the growing preference among investors to take direct custody of their digital assets, especially in the wake of the FTX exchange’s downfall last year.
Conclusion
As the crypto sector navigates through market troughs and regulatory hurdles, the asset management community stands resilient, fostering a buoyant outlook for the industry’s future. The anticipated growth, development of tailored strategies, and confidence in the U.S. as a crypto focal point paint a picture of a sector brimming with opportunities and readiness to adapt to evolving market dynamics.
