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35% of Family Offices in America Plan to Increase Crypto Investing Despite SEC Hostility

Despite increasing hostility from the Securities and Exchange Commission, family offices and institutions in America plan to continue investing in digital assets, with more than a third of family offices planning to increase their exposure to crypto, according to recent research from UBS. The UBS Global Family Office Report 2023 noted that this investor class was seeing "the biggest shift in strategic asset allocation for several years."

Additionally, a related survey by Japanese banking giant Nomura revealed that 96% of professional investors regarded digital assets as "representing an investment diversification opportunity." The institutional investment narrative has been bolstered this week with the BlackRock ETF filing, as the world's largest asset manager plans to launch a spot Bitcoin exchange-traded fund.

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