CoinShares: Institutional Assets Signals New Chapter For Industry

Meltem Demirors, the chief strategy officer at the alternative asset manager CoinShares, says that some of the biggest financial institutions in the world are building bridges into the crypto space. This makes it easier for more people to trade in digital assets.

Demirors shows her 257,100 Twitter followers a chart that shows how a small group of big financial institutions with a total of $27 trillion in assets under management (AUM) have entered the digital asset space.

“Last week’s BlackRock spot Bitcoin ETF filing was big news! But, it’s not the only story. many of the largest financial institutions in the US are actively working to provide access to Bitcoin and more. A quick glance – $27 trillion of client assets here!”

The executive at CoinShares says it’s clear that cryptocurrency as an asset class “is here to stay.”

“This is by no means a complete overview of all the offerings available, but it’s always helpful to zoom out and look at the bigger picture.

While ‘the institutions are coming’ has been more of a trickle than a wave, we’re seeing the bridges being built in real-time.

It’s also helpful to analyze whether firms are choosing to build, buy, or partner. So far, we’ve seen a lot of ‘partner’ but some are choosing ‘build.’”

Demirors says it’s important to give all kinds of users ways to spend, even if that means moving away from Bitcoin’s (BTC) early “cypherpunk vision.”

“And when it comes to AUM, people like my dad (love you!) are the big $$$ audience.”