61% of companies are ready to increase crypto investments — Sygnum
About 73% of companies invest in cryptocurrencies, hoping to gain high returns in the future — despite the October crypto market crash, when traders’ positions worth nearly $20 billion were liquidated. 55% of respondents view cryptocurrencies as a way to diversify their investment portfolios, while 39% of survey participants are interested in investing in high-risk assets.
Sygnum’s lead cryptoasset researcher, Lucas Schweiger, said that investor sentiment still shows doubts about cryptocurrencies — the reason being the delay in the introduction of new digital asset regulation laws in the United States. Nevertheless, the crypto market is becoming increasingly mature, as evidenced by the growing number of applications from companies seeking to launch exchange-traded funds (ETFs) linked to altcoins. This is a sign of rising corporate interest in cryptocurrencies, the analyst believes.
More than 80% of surveyed companies are ready to invest in crypto ETFs beyond Bitcoin and Ether, while 70% have pledged to invest or increase their holdings in crypto ETFs if they offer staking rewards.
The bank announced that it surveyed representatives of 1,000 companies from jurisdictions across the globe.
Currently, the U.S. Securities and Exchange Commission (SEC) is reviewing at least 16 applications for the launch of crypto ETFs, but the regulator postponed its decision on these filings due to the U.S. government shutdown. Many investors hope that once the shutdown ends, the SEC will approve several altcoin ETFs at once, which would further increase corporate capital inflows into the crypto industry, according to Sygnum analysts.
According to a recent State Street survey, 50% of companies plan to increase cryptocurrency purchases within a year, and seven out of ten surveyed institutions intend to expand their crypto holdings within five years.
See also: "U.S. crypto funds granted the right to stake digital assets"
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