Nickel: Crypto ETFs are turning up the pressure on regulators
Strong inflows into crypto ETFs are turning up the pressure on regulators to tackle ambiguities in their status, according to new global research by London-based Nickel Digital Asset Management.
Its survey with institutional investors (pension funds, family offices, insurance asset managers and hedge funds) and wealth managers worldwide found nearly half (46%) believe ongoing inflows into Bitcoin and Ethereum through ETFs will help drive the creation of comprehensive regulatory frameworks worldwide.
A further 54% slightly agree that as a result of crypto ETF adoptions standardized definitions and classifications will be created.
Crypto ETFs raised around $47.2 billion last year despite volatility in cryptocurrency markets and Nickel Digital’s research shows institutional investors and wealth managers expect further growth this year.
Around nine out of out 10 (86%) are forecasting strong inflows this year, the research with executives at pension funds, family offices, insurance asset managers, hedge funds and wealth managers based in the US, UK, Germany, Switzerland, Singapore, Brazil and the United Arab Emirates firms that collectively manage over $14 trillion in assets found. That includes 17% predicting dramatic increases in inflows with 14% forecasting inflows will be unchanged. No respondents predicted a decline.