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Crypto security top concern for institutional investors

A survey by Europe's largest regulated digital-asset hedge fund manager showed that crypto security is the biggest concern for institutional investors. The survey of institutional investors and wealth managers, who collectively manage around USD108.4bn, showed that 79% see asset custody as the key consideration whether to invest in this space. The report was commissioned by Nickel Digital Asset Management and involved interviews with 50 wealth managers and 50 institutional investors across the US, the UK, Germany, France, and the United Arab Emirates. This was followed by 67% who cited price volatility; 56% who cited market capitalization; and 49% who said the regulatory environment. A further 12% included the high carbon footprint from Bitcoin and other cryptocurrencies in their top three reasons for not investing.

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