39% of Family Offices Invest or Plan to Invest in Crypto, Reports New York Mellon
CryptoNewsTerminal Staff09 Jun, 2024
39% of Family Offices Invest or Plan to Invest in Crypto, Reports New York Mellon
The latest report from New York Mellon reveals that approximately 39% of family offices are invested in cryptocurrencies or are considering doing so. The study, titled "Family Offices and Digital Assets: Beyond the Hype," surveyed 50 family offices managing more than $500 billion in assets. The findings suggest that cryptocurrencies are gaining traction among family offices, who view them as a viable asset class with the potential for diversification and long-term appreciation.
