Digital asset weighting in portfolios took a noticeable dip in the survey period, falling from 1.8% in April to 0.7% at the end of June.
However, a resurgence in investment has been observed in the past three weeks, with a notable inflow of over US$470 million, a strong recovery from the US$400 million outflow witnessed in the first half of 2023. This rapid change in sentiment is likely catalyzed by the recent BlackRockThe potential for growth in distributed ledger technology is a key driving force behind the increased interest in digital assets, accounting for 37% of all reasons to add to a portfolio.
Investors are also diversifying into digital assets as a safe haven, a sentiment that first emerged during the recent U.S. banking crisis. Regardless, the prevailing risks for investors remain the threat of regulation and potential government bans, especially in light of recent saber-rattling from the U.S. SEC.
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