#Financial Advisors Double Down on Crypto Investments#

A new report by Bitwise and VettaFi shows that financial advisors' interest in crypto investing is growing. The report surveyed 430 financial advisors, and found that 56% are more likely to invest in cryptocurrency this year, while 99% of advisors who have already invested in cryptocurrency plan to maintain or increase their investments in 2025. The results of the 2024 US Presidential election impacted market sentiment, leading to more clients asking about cryptocurrencies, with 96% of advisors fielding questions about crypto from clients in 2024, up from 88% in 2023. Additionally, the percentage of advisors allocating crypto into their clients' portfolios has increased from 11% in 2023 to 22% in 2024. Institutional investors, registered investment advisors, and large brokerage firms are the groups with the highest percentage of crypto allocations. The report also shows that more clients are independently investing in crypto without advisor guidance, with 71% of clients investing in crypto independently of their advisor in 2024, up from 59% in 2023. This data suggests that crypto investing is becoming increasingly popular among financial advisors and is expected to continue growing in the coming years.