Cointelegraph reports that a growing number of investment firms in the United States and Europe are employing senior executives to head their strategy for investing in digital assets. This is according to a recent analysis by market intelligence firm Amberdata. A digital assets strategy has been adopted by 24% of asset management businesses, according to the report, “Digital Assets: Managers’ Data Infrastructure Fuel,” with an additional 13% aiming to do so in the following two years.
60 investing professionals from the US, UK, and EU, including asset managers, hedge funds, and other investors, were questioned for the paper. It was discovered that the firms polled owned about 48% of digital assets. Managers are anticipated to give trading and investment methods top priority during the following two years, with a focus on developing cutting-edge financial products.
The analysis indicates that there may be a favorable conclusion in the next years despite regulatory pressure from the United States Securities and Exchange Commission (SEC) and Commodities Futures Trading Commission (CFTC). It also emphasizes that more asset management companies may embrace a digital asset approach as a result of Ripple‘s recent limited court triumph. Relatedly, European digital asset manager CoinShares recorded a total revenue of 20.3 million pounds ($25.9 million) in the second quarter of 2023, a rise of 33% from the same period the previous year.