61% of institutions plan to boost crypto exposure despite October crash: Sygnum
Despite October’s crash, the end of the US government shutdown could bring “bulk approvals” for altcoin ETFs, catalyzing the next wave of institutional inflows, according to Sygnum.
Institutional investors are maintaining confidence in digital assets despite a sharp market correction in October, with most planning to expand their exposure in the months ahead, according to new research.
Over 61% of institutions plan to increase their cryptocurrency investments, while 55% hold a bullish short-term outlook, Swiss crypto banking group Sygnum said in a report released on Tuesday. The survey covered 1,000 institutional investors globally.
Roughly 73% of surveyed institutions are investing in crypto due to expectations of higher future returns, despite the industry still recovering from the record $20 billion market crash at the beginning of October.
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