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Fund managers show reluctance to engage with cryptocurrencies, maintaining minimal allocations despite market expansion
Bank of America’s Global Fund Manager Survey reveals that institutional involvement in cryptocurrency remains minimal, with average allocations nearly at zero. Over half of global investors have no structural investment in cryptocurrencies, maintaining negligible allocations despite the sector’s market size. The survey conducted in September found that 67% of fund managers have no investment in digital currencies like bitcoin, ether, ripple, and tether. This suggests that many institutional investors do not consider crypto within their traditional portfolio strategies. A small number of survey respondents have ... (full story)
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