63% of Institutions are Investing in Crypto for Diversification, Report Finds
Summary
A recent CoinShares survey of institutional fund managers, representing $1.3 trillion in assets, indicates a significant shift in motivation for cryptocurrency investment. While speculation was the primary driver two years ago, it has dropped to 15%, with 63% of allocations now motivated by portfolio diversification and client demand. Although Bitcoin remains the dominant asset, sentiment is rotating toward Ethereum and Solana, while internal corporate restrictions have surpassed regulation as the primary obstacle to increased institutional adoption.
(Source:BeInCrypto)