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After seeing crypto asset prices and ETF inflows rise post-election, here's another data point supporting the shift in sentiment: 56% of 430 Financial advisors surveyed They say they are more likely to set aside space because of the November results.
This number came from a Bitwise/VettaFi report that we have referenced several times this week as companies teased the results ahead of the official release.
We mentioned, for example, that only 35% of advisors say they are able to purchase cryptocurrencies for client accounts. Looking a little deeper, 71% of these financial professionals said that at least some of their clients were investing in cryptocurrencies themselves.
“These locked-up assets represent a significant business opportunity for advisors seeking to help clients integrate cryptocurrencies into a broader wealth plan,” the report notes. This type of statement is not new, but rather Drives the point home.
While nearly two-thirds reported not being able to own cryptocurrencies for clients, 22% were allocated to clients in 2024 (twice as 11%) In 2023).
Among advisors who have not yet invested, 19% “definitely” or “probably” plan to add exposure to the asset class this year. This is more than double the percentage (8%) who said this in last year's report.
Other surprising results for me:
- Although U.S. spot bitcoin ETFs generated net inflows of $36 billion in their first year, inflows into Ethereum products accelerated in December and September. filings to last spot Cryptocurrency funds have proliferated, and advisors are considering jumping into cryptocurrencies in favor of equity funds. Maybe State Street Global Advisors Mentality has legsand we recently heard from BLOK's co-leader, Dan Weiskopf Think about things.
- Secondly, despite the 56% swing By electionsHalf of the advisors surveyed still consider regulatory uncertainty to be the biggest obstacle to future cryptocurrency investments. This is down from nearly two-thirds in previous years, but it shows that the victories of Trump and pro-crypto members of Congress did not solve everything overnight.
The last point confirms that it is in the middle Optimism for progressThere is still a lot Healthy skepticism — or at least the patience — of those weighing their next move.
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