#Financial advisors are bullish on cryptocurrency investments.#

A new report from Bitwise and VettaFi reveals that a growing number of financial advisors are bullish on cryptocurrency investments. The report surveyed 430 financial advisors and found that 56% are more likely to invest in crypto this year, while 99% of those who already invest plan to maintain or increase their investments. The surge in cryptocurrency prices in 2024, alongside greater regulatory clarity, has sparked greater interest from both clients and advisors. In 2024, a record-high 96% of advisors responded to client inquiries about crypto, up from 88% in 2023. Furthermore, the proportion 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 are the most likely to allocate crypto. The report also reveals that more clients are taking a more independent approach to crypto investments, with 71% of clients investing in crypto independently from their advisors in 2024, up from 59% in 2023. Advisors who haven’t yet allocated crypto are increasingly inclined to do so, with 19% planning to invest in 2025, up from 8% last year. Overall, the report paints a picture of growing adoption of cryptocurrency investment within the financial advisor community, with a projected continued strong growth in the years to come.