Institutional interest in crypto ETFs high, but no plans to buy: BBH Survey

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Institutional interest in crypto ETFs hasn’t waned. Only a quarter of investors expect to increase their allocation to ETFs this year. The financial services firm Brown Brothers Harriman (BBH) released its 2023 Global ETF Investor Survey yesterday, revealing that institutional interest in cryptocurrencies hasn’t waned despite the market being 60% lower than its all-time highs. […]

Only a quarter of investors expect to increase their allocation to ETFs this year.yesterday, revealing that institutional interest in cryptocurrencies hasn’t waned despite the market being 60% lower than its all-time highs.

Though crypto- ETFs have fallen down the priority list for some, nearly half of respondents still intend to add crypto ETFs to their portfolios this year in order to diversify their investments. 48% of investors still intend to add cryptocurrency and digital asset-themed ETFs to their portfolios.According to BBH, the rise in interest in crypto ETFs is due in part to fund managers coming to terms with the inevitable volatility in the crypto market.

 

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