#Financial advisors increase crypto investments#

A new report from Bitwise and VettaFi shows that financial advisor interest in crypto investing is rapidly growing. The report surveyed 430 financial advisors, finding that 56% are more likely to invest in crypto this year, while 99% of advisors who have already invested in crypto plan to maintain or increase their investments. The outcome of the 2024 US election shifted market sentiment, driving crypto prices higher and increasing regulatory clarity, resulting in greater interest from both clients and advisors. In 2024, 96% of advisors fielded client inquiries about crypto, a record high compared to 88% in 2023. Additionally, the percentage of advisors allocating crypto in client portfolios doubled year-over-year, rising from 11% in 2023 to 22% in 2024. Institutional investors, registered investment advisors, and large securities firms represent the groups most likely to allocate to crypto. The report also shows a growing number of clients investing in crypto independently, without advisors. By 2024, 71% of clients were investing in crypto independently of their advisors, up from 59% in 2023. Advisors who have not yet allocated to crypto are increasingly inclined to do so, with 19% planning to invest in 2025, up from 8% last year. This data indicates that crypto investing is becoming increasingly popular amongst financial advisors and is expected to continue growing in the coming years.