Institutional Confidence in Crypto Assets Remains Strong Despite Market Volatility

According to Odaily, a recent study by Swiss crypto bank Sygnum reveals that institutional investors maintain confidence in crypto assets despite significant market corrections in October. Approximately 61% of institutions plan to increase their exposure to cryptocurrencies in the coming months, with 55% expressing a short-term bullish outlook. The report highlights that around 73% of institutions continue to allocate to crypto assets due to anticipated future returns, even as the market recovers from a $20 billion drop earlier in October. Lucas Schweiger, Sygnum's Head of Research, predicts that 2025 will be a year of 'risk convergence and strong demand,' with regulatory developments and ETF progress potentially serving as key catalysts source: https://www.binance.com/en/square/post/32232148113241?utm_source=BinanceNewsRSS