Crypto a no-go for small asset managers

clock • 2 min read

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...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week