Endowments Slow to Adopt Digital Assets

By admin
In September 14, 2021
On Blog
Comments off
237 Views

U.S Endowments are not jumping on the crypto bandwagon as quickly as other institutions.  Of the Endowment/Foundation respondents to Fidelity’s 2021 Institutional Investor Digital Assets Study, just 13% of U.S. endowments and foundations reported they do not currently buy or invest in digital assets.  Of the pension and endowment respondents, just 3% reported exposure. This lags HNW investors (15%), financial advisors (43%), and family offices (47%) in terms of exposure to digital investments.  Sixty one percent of Endowment/Foundation respondents surveyed stated they had a negative perception of digital assets.  Similar views were held by pension funds.  Fifty three percent of endowments surveyed indicated that digital assets should not have any role in a portfolio.  Volatility was noted as the greatest barrier to adoption by the institutions.  A copy of the survey can be downloaded at FidelityDigitalAssets.com.