#99% of advisors will continue to invest in cryptocurrency#
Hot Topic Overview
Overview
A new report from Bitwise and VettaFi found that 99% of financial advisors who already invest in crypto plan to maintain or increase their investments in 2025. The report surveyed 430 financial advisors and found that 56% of advisors are more likely to invest in crypto this year, with the 2024 US election results changing market sentiment. In 2024, 96% of advisors answered client inquiries about crypto, a record high, up from 88% in 2023. Additionally, advisors who haven't yet allocated to crypto are increasingly leaning towards doing so, with 19% planning to invest in 2025, up from 8% last year. These data points suggest that crypto adoption among financial advisors is on the rise and will likely continue to grow in the future.
Ace Hot Topic Analysis
Analysis
A new report from Bitwise and VettaFi shows that 99% of financial advisors who have already invested in crypto plan to maintain or increase their investments by 2025. The report surveyed 430 financial advisors and found that a surge in cryptocurrency prices in 2024 and increased regulatory clarity spurred greater interest among both clients and advisors. In 2024, a record high of 96% of advisors answered client inquiries about crypto, up from 88% in 2023. Moreover, the proportion of advisors allocating crypto to client portfolios doubled year-over-year, rising from 11% in 2023 to 22% in 2024. Institutional investors (30%) and registered investment advisors (RIAs) (28%) were the most likely to allocate crypto, followed by large brokerage firm representatives (24%). The report also noted that advisors who have not yet allocated crypto are increasingly inclined to do so, with 19% planning to invest by 2025, up from 8% last year.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Cryptocurrency investment is becoming increasingly popular among financial advisors, with more and more advisors fielding questions from clients about cryptocurrency in 2024.
More financial advisors are planning to invest in cryptocurrency in 2025, while those who already invest in cryptocurrency plan to maintain or increase their investments.
The surge in cryptocurrency prices in 2024 and increased regulatory transparency have sparked greater interest from both clients and advisors.
Institutional investors and Registered Investment Advisors (RIAs) are most likely to allocate to cryptocurrency.