The Nasdaq exchange, known for listing the stocks of tech companies, conducted a survey on the spot cryptocurrency ETF with 500 financial investors. 72% of participating advisors indicated that they would most likely invest client funds in the asset if a spot ETF were accepted in the US.
An important “spot cryptocurrency ETF” survey has come from the Nasdaq exchange, involving 500 official financial advisors. In the survey, 72% of advisors said that if a cryptocurrency spot ETF were accepted, they would most likely invest client assets there.
We will increase investment in the next 1 year
Of the participants, 86% of those who are currently investing in cryptocurrencies said that they intend to increase their investments in the next 1 year. It was noteworthy that there were no people considering reducing their crypto investments, that is, this rate remained at 0 percent. 50 percent of this group stated that they have already invested in the Bitcoin futures ETF, while 28 percent stated that they plan to use this investment tool in the next 1 year.
On the other hand, financial advisors were also asked about the ratio of cryptocurrencies in the total portfolio. The average of the numbers from both those who invest and those who are considering making an investment was 6%.
Those who say "it will be accepted in 2022" 38%
Despite the strong interest in cryptocurrency ETFs, financial advisors are unsure whether a spot ETF will be accepted by the US Securities and Exchange Commission in 2022. 38% said it was highly likely that a spot ETF would be approved in 2022, while 31% said it was highly unlikely. While 24 percent said "neither high nor low probability", it was noteworthy that 7 percent did not even have an opinion.
Speaking on the subject, Jake Rapaport, Director of Digital Asset Index Research at the Nasdaq stock market, used the following statements:
“The vast majority of advisors we surveyed plan to either start investing in crypto or increase their existing crypto allocations. As demand continues to rise, consultants will now begin to seek an institutional solution to accept their clients' requests.”