According to a Nasdaq survey of 500 financial advisors based in the USA, nearly three out of every four of these experts plan to boost their investments in Bitcoin and other cryptocurrency assets if the USA government allows an ETF (exchange-traded fund) crypto spot. According to a study, 72 percent of financial advisers want to extend their exposure to BTC futures.
According to Nasdaq Digital Asset Index Research Head Jake Rapaport, “…Financial advisers have been focused on transferring assets into index funds in earlier decades and they are showing great desire for cryptocurrency assets in a comparable vehicle…The majority of advisors polled want to start allocating to crypto or expand their existing allocation to crypto this year…”
Nasdaq survey result about financial advisors’ knowledge of Cryptocurrency:
According to the study report, less than 9 percent of the financial advisers in the USA, polled, were confident in their capacity to give expert-level advice to their customers on cryptocurrency investments. Despite the fact that everyone who replied said they are either investing in Bitcoin or are planning to do so. This demonstrates that there is still a significant educational gap in the cryptocurrency market among most financial advisers.
This new study just verifies what has previously been observed in bitcoin markets. Financial firms in general, including banks, have come to embrace this asset class alongside consumers and institutional financial advisers.
Although the Nasdaq sample provides insight into what is happening in the conventional financial industry, it does not represent the views of all US financial advisers.
