PANews reported on April 27 that according to News.bitcoin, a recent survey showed that half of Canadian institutional investors and financial services organizations have actively provided at least one type of cryptocurrency asset product or service to customers in the past year. The study showed that half of the institutional investors surveyed were exposed to cryptocurrencies through ETFs, closed-end trusts or other regulated products.
About half of Canadian institutional investors and financial services organizations actively offer at least one type of crypto-asset product or service to clients by 2023, according to results of a new survey. This figure is 9 percentage points higher than the number observed in 2021. The biannual survey, commissioned by KPMG Canada and the Canadian Alternative Assets and Strategies Association (CAASA), found that nearly four in ten (39%) institutional investors have direct or indirect exposure to crypto-assets. In contrast, only three in ten reported the same in 2021.
Half of the institutional investors surveyed invest through ETFs, closed-end trusts or other regulated products. The survey also found that 58% of investors have exposure to public stocks related to cryptocurrencies. In 2021, only 36% had the same level of exposure. Meanwhile, the survey results show that only a quarter of the institutional investors surveyed invest in venture capital or hedge funds as limited partners, compared to 29% in 2021.
