Fidelity Says More Institutional Investors Hold Digital Assets

Institutional acceptance of cryptocurrencies increased this year even as prices tumbled as more investors begin to view digital assets as worthwhile holdings, according to a Fidelity Investments survey.

Nearly 60% of institutional investors surveyed said they were invested in digital assets in the first half of the year, a six-point increase from last year. The Institutional Investor Digital Assets Study found that four-in-five investors believe that investment portfolios should include digital assets.

The Fidelity Digital Assets study, now in its fourth year, hints that institutions are warming up to digital assets, despite the 50% or more plunge in most prices ...