KPMG Survey: 75% of Canadian Institutional Investors Own Crypto Assets by 2023
Institutional investors in Canada have significantly increased their cryptocurrency holdings in 2023, with 75% of respondents holding the asset class, according to a survey by KPMG. Institutional investors holding cryptocurrencies jumped from 29% two years ago to 75% in 2023. About two-thirds of respondents (including hedge funds, family offices, pension funds, private equity and venture capital firms) have exposure to cryptocurrency-related public equities, up from 36% in 2021. Interest in crypto derivatives also appears to have increased, with 42% of firms reporting exposure to such products, up from 14%.
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