tl;dr
A survey by Citibank's Global Family Office 2024 Report reveals that 25% of family offices are investing or planning to invest in digital assets. The survey, based on 338 family offices globally, shows 17% as early adopters and 10% as "digital asset curious." The Asia Pacific region leads in digital...
Citibank's Global Family Office 2024 Survey Report reveals that 25% of family offices are investing or planning to invest in digital assets. The survey, based on 338 family offices globally, shows 17% as early adopters and 10% as "digital asset curious." The Asia Pacific region leads in digital asset adoption, with 37% of family offices interested.
Additionally, 24% are interested in direct crypto asset investment, while 18% prefer crypto-linked investment products like ETFs. Two-thirds of participants remain undecided on which digital asset products to explore, indicating the need for ongoing education in this emerging asset class.
Interest in crypto assets by family offices is on the rise, according to a survey conducted by the fourth largest bank in the US by total assets, Citibank. Citibank’s Global Family Office 2024 Survey Report says that around 25% of the family offices that participated “had already invested or were planning to invest in digital assets.”
Family offices in the Asia Pacific region, according to the survey, were the most active in investing in digital assets. “Asia Pacific led in digital assets adoption, with 37% of respondents invested or interested in investing. One in twenty family offices in that region reported more than 10% of investable assets in digital assets. By contrast, Latin American family offices were the least interested, with 83% not yet prioritizing an allocation to this area.”
Per the survey, around 24% of family offices are interested in investing in crypto assets directly while 18% prefer crypto-linked investment products such as exchange-traded funds (ETFs). “At the same time, two-thirds of participants were undecided about which digital asset product to explore, underscoring family offices’ ongoing need for education about this emerging asset class.”
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In the current market, we observe a notable breakout above the key resistance level for Company XYZ, suggesting a potential bullish trend. The Relative Strength Index (RSI) also indicates strong buying momentum, supporting the upward price movement. However, caution is advised as the stock price approaches overbought territory, potentially signaling a reversal in the short term.
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