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Crypto Investment Access Remains a Challenge for Financial Advisors
Despite the growing mainstream appeal of cryptocurrencies, many financial advisors continue to face challenges in accessing crypto investments for their clients. A recent survey by Bitwise Asset Management and ETF data provider VettaFi found that only 35% of advisors can invest in crypto in client accounts, highlighting a significant barrier to broader adoption.
Advisors Face Challenges Despite Growing Interest in Crypto
The survey, conducted from November 14 to December 20, 2024, included over 400 financial advisors and revealed that while crypto allocations have doubled to 22% year-over-year, access issues persist. Furthermore, 71% of advisors reported that some or all of their clients are investing in crypto independently, outside the advisory relationship.
Advisors are “awakening to crypto’s potential like never before, and they’re allocating like never before.”
said Matt Hougan, CIO of Bitwise.
“But perhaps most staggering is how much room we still have to run, with two-thirds of all financial advisors — who advise millions of Americans and manage trillions in assets — still unable to access crypto for clients.”
Key Findings and Trends
Some notable trends and findings from the survey include:
- 96% of advisors received questions about crypto from clients in 2024, indicating strong interest in cryptocurrency investments.
- 99% of advisors with existing crypto allocations plan to maintain or increase their exposure in 2025, demonstrating growing confidence in crypto investments.
- 19% of advisors who haven’t allocated to crypto yet said they are likely to add exposure in 2025, more than double last year’s figure, indicating growing optimism among advisors.
These findings suggest that while there are still some barriers to accessing crypto investments, interest remains strong, and advisors are becoming increasingly confident in the potential of cryptocurrencies.
Stay up-to-date with the latest news and trends in the world of cryptocurrencies on Global Crypto News.
