The European Central Bank (ECB) reportedly shared insights they found via a survey carried out in six EU nations, revealing that a significant figure of residents from said nations have crypto in their portfolio. 

Specifically, the survey – dubbed “Consumer Expectation Survey” – posed the inquiry to adults falling between the age range of 18 to 70, whether they or anyone in their household have possession of financial assets in numerous categories, nominally crypto-assets.

The newly carried out survey reportedly drew responses from individuals in the Netherlands, Spain, Italy, Belgium, France, and Germany. 

Together, around 10% of people surverveyed claimed to have cryptocurrencies in their investment portfolio. Out of this group, 6% of respondents revealed to have virtual assets with value exceeding the 30,000 euros benchmark in possession. Meanwhile, 37% of respondents disclosed they owned a maximum figure of 999 euros in crypto.

Throughout the nations surveyed, investors from the fifth income quintile (or the wealthiest 20% of the population) displayed the consistent highest proportion of cryptocurrency ownership, in comparison to other income groups. 

The survey was reportedly a part of a new report rolled out to the public by the ECB on May 24th, regarding the developing adoption of crypto assets regardless of the associated potential risks. As cited by the ECB, over half of the surveryed people (56%) in a recent Fidelity survey claimed to have some exposure to crypto-assets – an increase from the 45% figure two years ago.

The increase of crypto-centric derivatives and securities available across regulated exchanges, nominally futures, exchange-traded notes, exchange-traded funds, and OTC-traded trusts, have reportedly made contributions to the momentum.

Moreover, amplified regulation has been viewed as a sign showing the endorsement from authorities towards crypto.