- 57% of institutional investors commit to increase their crypto holdings next year.
- 31% plan to increase their investment in the first quarter of next year.
- 32% plan to invest more within the next six months.
Institutional investors are planning to increase their crypto holdings, potentially driving a sustained cryptocurrency market rally. A recent survey by Sygnum, a Swiss crypto bank, found that 57% of institutions intend to boost their investments.
Sygnum’s survey covered 400 institutional investors across 27 countries, providing details of their perception of the cryptocurrency market and how they will respond to the recent developments. Results showed 31% of the institutions in the survey said they would increase their crypto holdings in the first quarter of next year.
Meanwhile, 32% of the participating firms chose 6 months as the period to potentially increase their crypto investment. However, 36% said they would maintain their current crypto investment but did not rule out the possibility of boosting their portfolios if under favorable conditions.
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It is worth noting that most of the firms preferred investing in established layer-1 crypto solutions like Bitcoin and Solana. Some also expressed a preference for stablecoins.
Market Rally and Investor Enthusiasm
Notably, the crypto market’s recent rally has boosted investors’ enthusiasm across various levels. Bitcoin surged to a new all-time high, reaching $93,483 on Wednesday. The cryptocurrency’s market cap also reached a new level of $1.846 trillion, reflecting the continuous capital inflow into the Bitcoin ecosystem.
In addition to Bitcoin, the altcoin market has seen significant investment, with Solana performing well in the ongoing rally. The altcoin surged above $225 earlier this week. The network’s total value locked (TVL) has surged to $7.884 billion, according to DeFiLlama.
Analysts expect the crypto market rally to continue into next year, citing expectations of a more favorable crypto atmosphere in the U.S. Moreover, the influx of institutional capital is a positive signal for the crypto industry’s growth.
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