State Street Sees More Demand for Cryptos
State Street is one of the largest investment consultancies in the world and recently, it stated that it saw an unusual trend for crypto demand.
Even if the crypto prices were down in the entire market spectrum, institutional investors continue to ask for cryptos to be included in their portfolios.
According to State Street, during the summer (which was a bad period for cryptos), many institutional investors decided to increase their positions around cryptos or to companies involved in the sector
This shows us that cryptos has been established as an asset class in the big clients’ mind and that was evident from Goldman Sachs and BlackRock’s moves for issuing new crypto products for their clients.
The financial reality has changed and all are adapting to that….