Survey: 87% of the institutions surveyed participate in investing in blockchain protocol tokens, and more than half plan to increase their holdings of crypto assets

Digital asset bank Sygnum released its first institutional crypto market report last week, and according to the survey results, 87% of respondents invested in “blockchain protocol tokens such as Bitcoin, Ethereum, and Solana (Layer 1 protocol).” Additionally, 57% of respondents plan to increase their crypto asset allocation in the future. As for why they invest in cryptocurrencies, the report noted that 66% of respondents said it was to "gain exposure to cryptocurrency megatrends," while 46% said portfolio diversification was their motivation for investing. Meanwhile, 37% of investors “believe cryptocurrencies are a better investment than traditional assets, demonstrating their appeal as a hedge against traditional markets.” It is reported that the report involves a survey conducted by Sygnum at the beginning of the fourth quarter of more than 150 institutional investors with an average of more than 10 years of investment experience. These include Sygnum's institutional client base and equity investors, banks, hedge funds, multi-family and single-family offices, foundations and asset managers. (Bitcoin.com)