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A new report from Aspen Digital estimates that 76% of private wealth in Asia has already dabbled in digital assets, with an additional 18% planning future investments.&nbsp;
Interest in digital assets within Asia’s private wealth sector has grown since the Hong Kong-based wealth management platform conducted its survey in 2022. At the time, only 58% of respondents had ventured into the digital asset space.
The report surveyed 80 family offices and high-net-worth individuals across Asia, most of whom manage assets between $10 million and $500 million.
Among respondents already invested in crypto, 70% have allocated less than 5% of their portfolios to digital assets, though some have increased their allocations to over 10% in 2024.
<figure><img alt="94% of Asian private wealth is investing or considering crypto: Report" src="https://s3.cointelegraph.com/uploads/2024-10/01929698-9312-7834-84a8-39cd4738916d" title="">
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 Change in blockchain interest in Asia. Source: Aspen Digital
 </figcaption>
</figure>
Asian private wealth appears increasingly drawn to the profit opportunities presented by blockchain’s technological applications.
Two-thirds of respondents expressed interest in decentralized finance (DeFi), while 61% showed interest in artificial intelligence and <a data-ct-non-breakable="null" href="https://cointelegraph.com/explained/decentralized-physical-infrastructure-network-depin-explained" rel="noopener noreferrer nofollow" target="_self" text="null" title="https://cointelegraph.com/explained/decentralized-physical-infrastructure-network-depin-explained">decentralized physical infrastructure networks (DePIN)</a>.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/depin-is-the-new-obsession-in-the-investment-market-heres-why" rel="noopener noreferrer nofollow" target="null" text="null" title="https://cointelegraph.com/news/depin-is-the-new-obsession-in-the-investment-market-heres-why">DePIN is the new ‘obsession’ in the investment market — Here’s why</a>
Aspen Digital also noted that respondents are generally optimistic about Bitcoin’s (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow" target="_self" text="null" title="https://cointelegraph.com/bitcoin-price">BTC</a>) outlook for the remainder of 2024, with 31% predicting a price of $100,000 by year-end.
<h2 id="strong-more-exposures-from-etfs-strong">More exposures from ETFs</h2>
The approval of spot Bitcoin exchange-traded funds (ETFs) has boosted digital asset appetite among Asian investors, with 53% of respondents gaining exposure through funds or ETFs.&nbsp;
This trend aligns with global developments, as highlighted in the recent Global Crypto Hedge Fund Report by AIMA and PwC.&nbsp;
Their survey of nearly 100 hedge funds across six regions, managing a combined $124.5 billion, reported a rise in crypto exposure from 29% in 2023 to 47% in 2024, driven by regulatory clarity and the launch of crypto ETFs in the United States and Asia.
Spot Bitcoin ETFs began <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/first-spot-bitcoin-etf-in-us-begins-trading-in-pre-market-with-double-digit-gains" rel="noopener noreferrer nofollow" target="null" text="null" title="null">trading in the US in January 2024</a>, while <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/hong-kong-bitcoin-ether-etfs-start-trading-april-30" rel="noopener noreferrer nofollow" target="null" text="null" title="null">spot Bitcoin and Ether ETFs</a> launched in Hong Kong in April.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/rabby-scammer-konpyl-crypto-ceo-mountain-victims/" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Fake Rabby Wallet scam linked to Dubai crypto CEO and many more victims</a>

94% of Asian private wealth is investing or considering crypto: Report

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