Allegiance's program to corner the cryptocurrency market appears to exist more aggressive than previously imagined, equally the asset managing director looks to provide more institutional pathways to digital assets.

In a contempo interview with the Boston Globe, Christine Sandler, head of sales and marketing for Allegiance Digital Avails, said that institutional involvement in crypto is growing. For nigh investors, the main entry into crypto has been Bitcoin (BTC) and, to a bottom extent, Ether (ETH).

Tom Jessop, who heads Fidelity Digital Assets, said the pandemic was a major motivator for investors to finally get into crypto:

"What really got people off the argue was the pandemic, because you've got this scarce asset course — in that location will only ever be 21 million bitcoin created — and an environment where our currency is beingness debased, and there's a ton of money printing."

Information technology's no secret that nigh institutional investors are carefully participating in the crypto market place for the get-go time this year. Institutional interest mostly remains in purchasing Ethereum or Bitcoin directly. Fidelity Investment seems to be one step ahead, aiming to exist amongst the first to offer the infrastructure necessary for investors to direct admission the crypto market.

Information technology was in March of this year that Fidelity submitted the S-one document to the Securities and Commutation Commission (SEC formally seeking the approving of their own Bitcoin ETF named Wise Origin Bitcoin Trust. At the end of July, Fidelity acquired a 7.4% stake in North American crypto miner Marathon Digital Holdings, which was worth $twenty 1000000.

Fidelity has as well created its ain specialized venture uppercase division called Devonshire Investors, investing in cryptocurrency startups like ErisX, Talos and Coin Metrics.

The company's crypto ambitions take been fuelled by a growing demand from clients to admission crypto investment opportunities. A similar tendency is being observed beyond major institutional funds and banks in the United States and globally. As Cointelegraph recently reported, U.S. bank JPMorgan is at present offer clients access to half-dozen crypto-dedicated funds. Later their initial criticisms of digital assets, firms like BlackRock, Goldman Sachs and Citibank take also expressed a more positive outlook on Bitcoin. Meanwhile, a recent survey from London-based crypto fund Nickel Digital Asset Direction revealed that the bulk of wealth managers expected to increase their exposure to crypto in the coming years.