39% of Canadian institutional investors have exposure to crypto assets in 2023, up from 31% in 2021.

Half of the financial services respondents are now offering crypto asset services, marking a 9% increase from the previous year.

Investors are turning to cryptocurrencies due to factors like rising debt, inflation, market instability, and high-profile frauds, viewing them as a hedge and store of value.

The U.S. approval of spot Bitcoin ETFs is influential for Canadian market participants, with 75% of institutional investors holding crypto assets directly.

50% of these investors gain crypto exposure through exchange-traded funds or regulated products.

Bitcoin's substantial 150% climb in value in 2023 has contributed to the increased investment in cryptocurrencies.

Experts recommend that financial institutions and investors focus on education, strategic planning, and robust policy development to successfully navigate the cryptocurrency market.