The latest results of the Bank of America's global fund manager survey are surprising, showing that institutional investors remain cautious about Crypto Assets. According to a disclosure by Nate Geraci, co-founder of The ETF Institute, the vast majority of surveyed investors indicated that their Holdings in Crypto Assets are zero.

This data reflects that, despite the rapid development of the crypto assets market in recent years, traditional financial institutions still seem to be taking a wait-and-see approach. Even among the few investors who have decided to venture into the crypto space, their allocation to crypto assets in their portfolios is quite limited, averaging only 3.2%.

This survey result may surprise many crypto assets supporters, as it contrasts sharply with the growing influence of the crypto industry. However, it also reflects the cautious attitude of institutional investors when facing emerging asset classes, possibly due to considerations such as regulatory uncertainty and market volatility.

It is worth noting that although institutional participation is currently low, the attitudes of institutional investors may change in the future as the crypto assets ecosystem continues to mature and the regulatory environment becomes clearer. This survey provides us with an important perspective to help understand the current views of the institutional investment community on crypto assets, and also offers insights into the future direction of the crypto industry.