According to recent research, institutional investments in Ethereum are starting to surpass those in Bitcoin due to new restrictions for investors.
Growing Interest in Ethereum
According to Geoff Kendrick, head of digital assets research at the bank, institutional allocations to Ethereum are now outpacing those for Bitcoin due to tighter restrictions on direct crypto investments.
New Trading Platform from Standard Chartered
The bank has also launched a spot trading desk for Bitcoin and Ethereum via its UK arm, enabling institutional clients to buy and sell the assets directly. This marks a significant step in bridging regulated finance and digital assets.
Future Predictions and Trends
The bank's broader digital strategy includes investments in crypto infrastructure firms like Zodia Custody. Kendrick noted that the spot desk was developed to meet growing demand, citing data from KPMG showing that 91% of hedge funds are either already in crypto or planning to enter within five years.
Thus, the growing interest in Ethereum and new initiatives from financial institutions indicate the necessity for adaptation to changes in the cryptocurrency landscape.
