• Financial institutions with a combined $27 trillion worth of assets under management (AUM) have entered the digital asset space.
• CoinShares executive Meltem Demirors argues that it’s important to provide investment pathways to all sorts of users, even if that means expanding away from Bitcoin’s early “cypherpunk vision”.
• The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, and participants in affiliate marketing.
Institutional Assets Coming Into Crypto Signals New Chapter for Industry
Financial institutions with a combined $27 trillion worth of assets under management (AUM) have entered the digital asset space, according to Meltem Demirors, the chief strategy officer at the alternative asset manager CoinShares. This signals a new chapter for the industry as these large financial institutions build bridges into crypto space and expand potential investor pool for digital assets.
Building Bridges Into Crypto Space
Demirors shared a chart with her 257,100 Twitter followers indicating how a select group of these large financial institutions have entered the digital asset space. She expressed that it is clear that crypto as an asset class “is here to stay” and noted how some firms are choosing to “build, buy, or partner” when entering this market.
Providing Investment Pathways To All Types Of Users
The CoinShares executive argued that it’s important to provide investment pathways to all sorts of users, even if that means expanding away from Bitcoin’s early “cypherpunk vision.” She emphasized that providing access to Bitcoin was only one part of this story – noting how people like her father could represent an additional big-money audience for AUM.
Disclaimer On Buying Or Selling Cryptocurrencies
The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, and participates in affiliate marketing. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets and be aware that there may be loses incurred.
Conclusion
The entrance of institutional investors into crypto signals a new era for this industry as more investors become interested in this growing market. It is important to take caution when investing in cryptocurrency and understand that there can be losses involved as well as gains.
