Crypto is a nonexistent asset for big institutional investors — JPMorgan exec By Cointelegraph

Big institutional investors are still largely staying away from the crypto market, as the asset class’ volatility poses a challenge to money managers, Jared Gross, head of institutional portfolio strategy at JPMorgan (NYSE:) Asset Management, told Bloomberg.

“As an asset class, crypto is effectively nonexistent for most large institutional investors,” Gross noted, explaining that “the volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging.”