More than eight in ten boutique asset managers have no plans to trade cryptocurrencies or digital assets in the future, with just 4% doing so now, according to a survey.
Small asset managers' overwhelming rejection of crypto is in marked contrast to larger financial institutions. BlackRock, Charles Schwab and abrdn have all done deals or launched products tied to digital assets this summer. Santander to limit crypto buying over fraud spike The survey, by the Independent Investment Management Initiative, suggested boutique managers have widespread concerns about crypto investment risk and volatility. One IIMI member told the survey: "We do not believe cryptocurrencies have any investment value. They are purely speculative, and should not be conside...
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