75% of UK Asset Managers Plan to Increase Investment in Crypto Assets

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Independent investment surveyHANetf among asset managers in the UK showed: 75% respondents plan to increase their participation in cryptocurrency projects throughout the year.

Despite the fall in value of mostcrypto assets, managers are ready to consider new options for placing funds in investment crypto products. They believe the UK has the most favorable regulatory environment for this over the next 12 months.

However, asset managers are dividedopinions on how this environment will change for cryptocurrencies in the next three years. 52% of respondents believe that European regulators will make it much more difficult for investors to access crypto assets, while 41% said regulators are likely to accept them.

According to the survey, managers did not agree onopinion on which European country will create the most favorable regulatory environment for cryptocurrency companies in the next five years. The majority, 26%, gave the palm to Great Britain, about 20% named Switzerland, and Germany and Italy scored about 19% each.

To the question of HANetf, which exchange-traded funds inCryptocurrency is the most trusted option among respondents; only two options received a positive response. 58% of respondents are ready to consider Bitcoin ETF options. Ether-linked securities received just 16% approval.

Only 4% of managers considercryptocurrencies as an independent asset. 43% consider cryptocurrencies to be closely related to the price of gold, 33% to be closely related to technology stocks, and 20% classified cryptoassets as collectibles.

In August, the founder of the analytics company Messari, Ryan Selkis, called
fraud reluctance of the Securities CommissionUS Securities and Exchange Commission (SEC) to approve ETFs linked to cryptocurrencies. Ryan Selkis said investors have a lot to lose due to the SEC's unfriendly approach to the cryptocurrency industry.