Definition ∞ Actions undertaken by professional entities that manage investment portfolios for clients. This includes strategic allocation, risk assessment, and operational oversight of digital assets within established or emerging financial frameworks. Such activities aim to optimize returns and preserve capital in volatile markets.
Context ∞ The expanding involvement of traditional asset managers in digital assets is a significant trend, influencing market stability and the legitimization of cryptocurrency as an asset class. Regulatory clarity and institutional adoption remain central points of discussion for future growth.