A rising variety of monetary advisors acknowledge the potential of cryptocurrency investments, but many purchasers are left to navigate the market independently as a result of entry limitations.
A latest survey carried out by Bitwise Asset Administration and ETF knowledge supplier VettaFi highlights this disconnect, whilst curiosity in digital property like Bitcoin and Ethereum surges.
The survey, carried out between November 14 and December 20, 2024, gathered insights from over 400 monetary advisors. It revealed that whereas crypto allocations in shopper portfolios have doubled year-over-year to 22%, solely 35% of advisors can make investments instantly in shopper accounts. This lack of entry continues to impede broader adoption throughout the advisory sector.
The info additionally underscores the rising pattern of shoppers bypassing advisors for crypto investments. A hanging 71% of advisors reported that some or all of their shoppers independently put money into cryptocurrencies. Regardless of these challenges, enthusiasm for crypto throughout the advisory neighborhood is gaining momentum.
Matt Hougan, Chief Funding Officer at Bitwise, emphasised the untapped potential:
“Advisors are awakening to crypto’s potential like by no means earlier than, they usually’re allocating like…
