According to a recent study, two-thirds of financial advisers have discussed crypto or digital assets with their clients in the last year.
Only 15% of the more than 600 advisers polled in a study conducted by Coalition Greenwich, a global provider of strategic benchmarking, analytics, and insights to the financial services sector, had developed a strategy or provided products to retail investors involving bitcoin or digital assets.
The lack of crypto exposure might also be linked to the Securities and Exchange Commission’s failure to approve a spot bitcoin ETF. According to the study, over 80% of financial advisors supported the creation of spot bitcoin and other currency-tracking exchange-traded funds (ETFs). The SEC had previously rejected similar proposals.
The absence of crypto exposure might also be attributed to the lack of a spot bitcoin ETF, which has yet to be approved by the Securities and Exchange Commission. Based on 530 respondents, the study found that over 80% of financial advisors supported the introduction of spot bitcoin and other currency-tracking exchange-traded funds (ETFs). These proposals have already been rejected by the SEC.
Also, according to the study, “more regulatory certainty, more regulated investment vehicles, and technology that allows for simpler access will likely pave the way for higher crypto-asset allocations in the coming year.”
