Institutional investors believe crypto performance during COVID-19 crisis has established it as a viable asset class ► FINCHANNEL
The FINANCIAL — -New global research* from market-leading digital institutional investment platform VALK shows professional investors are increasingly focusing on cryptocurrency and digital assets as worries about stretched equity valuations and poor yields in the fixed income markets grow. Its study among professional investors working in eight major economies for institutions holding more than $1 trillion in assets under management in total, found a third (33%) have invested in crypto assets for the first time recently while 55% have increased their allocation to crypto. Almost all the inv...