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 One-quarter of asset managers and hedge funds in the US and Europe have recruited senior executives to oversee digital asset strategies, according to a recent report. 
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 Based on the findings of a market intelligence firm, an increasing number of investment firms in the United States, United Kingdom, and Europe are appointing senior executives to lead digital asset investment strategies. 
 According to a recent Amberdata report titled 'Digital Assets: Managers' Data Infrastructure Fuel,' 24% of asset management firms have adopted a digital assets strategy, with an extra 13% planning to do so in the next two years. 
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 “These roles are being staffed up, with almost a quarter of firms with a senior role dedicated to digital assets, reflecting seriousness about implementation as well as senior management buy-in.” 
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 <img src="https://cdn.thebittimes.com/images/2023/09/10/22633abe0cfc740a7307616eaa20fc22.webp"> 
 <figcaption style="text-align: center;"> Organizations with a senior role dedicated to dedicated asset strategy implementation. Source: Amberdata 
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 The report surveyed 60 <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a> professionals across the United States, United Kingdom and Europe. The interviewees included <a rel="noopener noreferrer nofollow" title="asset" href="https://thebittimes.com/tag/asset.html">asset</a> managers, hedge funds and other investors.&nbsp; 
 Approximately half (48%) of the study participants include digital assets in their firm's portfolio. 
 Amberdata further forecasts that over the next two years, managers will prioritize trading and <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a> strategies, with a strong emphasis on creating innovative <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a> products. 
 Related:&nbsp;This DeFi platform unlocks automated asset management for retail investors 
 Despite ongoing&nbsp;regulatory pressure&nbsp;in the U.S. crypto industry from the United States Securities and Exchange Commission (SEC) and Commodities Futures Trading Commission (CFTC), Amberdata predicts a potential positive outcome in the next few years: 
 “The good news is that the tide may be turning. In the next five years, the SEC and the CFTC are expected to be providing the most positive opportunities for investors in our study," the report noted. 
 Additionally, it highlighted that Ripple's recent partial legal victory against the SEC may attract more <a rel="noopener noreferrer nofollow" title="asset" href="https://thebittimes.com/tag/asset.html">asset</a> management <a rel="noopener noreferrer nofollow" title="firms" href="https://thebittimes.com/tag/firms.html">firms</a> to adopt a <a rel="noopener noreferrer nofollow" title="digital" href="https://thebittimes.com/tag/digital.html">digital</a> <a rel="noopener noreferrer nofollow" title="asset" href="https://thebittimes.com/tag/asset.html">asset</a> strategy. 
 In recent news, European digital asset manager CoinShares&nbsp;reported total revenue of&nbsp;20.3 million pounds ($25.9 million) in the second quarter of 2023, a 33% increase compared wit the prior year’s quarter. 
 Magazine:&nbsp;Recursive inscriptions: Bitcoin ‘supercomputer’ and BTC DeFi coming soon 
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/1-in-4-investment-firms-assign-senior-execs-to-digital-assets-report-tbt62171.html">https://thebittimes.com/1-in-4-investment-firms-assign-senior-execs-to-digital-assets-report-tbt62171.html</a>

1 in 4 investment firms assign senior execs to digital assets: Report

TheBitTimes

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