A survey by independent investment company HANetf among asset managers in the UK showed that 75% of respondents plan to increase their participation in cryptocurrency projects during the year.
Despite the fall in the value of most crypto assets, managers are ready to consider new options for investing in investment crypto products. They believe that the UK has the most favorable regulatory environment for this over the next 12 months.
However, asset managers are divided on how this environment will change for cryptocurrencies in the next three years. 52% of respondents believe that European regulators will significantly complicate access to crypto assets for investors, and 41% said that regulators are likely to accept them.
According to the survey, the governors did not agree on which country in Europe 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.
When asked by HANetf which cryptocurrency exchange-traded funds are most trusted by respondents, only two options received a positive response. 58% of respondents are ready to consider ETF options for bitcoin. Ethereum-pegged securities were approved by just 16%.
Only 4% of managers consider cryptocurrencies as an independent asset. 43% consider cryptocurrencies to be closely related to the price of gold, 33% to be close to technology stocks, and 20% consider crypto assets to be collectibles.
In August, Ryan Selkis, founder of analytics firm Messari, called the U.S. Securities and Exchange Commission (SEC) reluctance to approve cryptocurrency-pegged ETFs a fraud. Ryan Selkis stated that investors are losing a lot due to the unfriendly approach of the SEC to the cryptocurrency industry.
