$1,301.94 -8.83%
ETH · 1w

Number of financial planners investing in crypto increases by 50%

A survey published by crypto index fund provider Bitwise Asset Management has found the number of financial advisors allocating capital toward crypto has increased by roughly 50% in one year.

The survey, conducted in partnership with investment website ETF Trends, queried nearly U.S.-based 1,000 financial advisors in December. The findings indicate that 9.4% of client portfolios were exposed to crypto assets — up from 6.3% one year ago.

Of the investment advisors who have not yet allocated to crypto, 15% stated they will “probably” invest in virtual currency during 2021, with 2% stating they will “definitely” invest in the asset class this year.

Financial planners are much more keen to invest their personal wealth in cryptocurrency, with 24% saying they have already done so.

The global economic fallout from the coronavirus pandemic appears to be the primary motivation that is driving financial planners towards crypto assets, with 54% of respondents describing “uncorrelated returns” as the principal benefit of cryptocurrency exposure.

One-quarter of survey participants described “inflation hedging” as crypto’s most-attractive utility, up from 9% the previous year. Demand from clients also appears significant, with 81% of advisers reporting that clients have queried them regarding crypto assets in 2020, up from 76% in 2019.

Despite the growth in financial advisors making allocations to crypto, Bitwise’s CIO remarked that “the survey shows it’s still early days for crypto, with less than 10% of advisors allocating today,” adding:

“At the same time, adoption and interest are growing: The survey suggests the number of advisors allocating could double or more in the year ahead.”

ETF Trends CEO Tom Lydon stated: "Financial advisors are increasingly looking for exposure to alternative assets, and interest in crypto is rising.”

The number of crypto-naysayers within the investments advisor community is also falli...

Continue on
Recent news
ETH -8.83% · · 2h

DAO stake tutorial - LP liquidity pool

  Hello, today I will show you how to stack your SDT. This tutorial is more beginner oriented. First of all you go to the stake DAO site (you can go through Coingecko to be sure you are on the right s...
ETH -8.83% · · 12h

Blockchain Bites: ETH Pumps, Coins Leave Exchanges

With ether whales and small holders rising, some analysts speculate about a ETH supply crunch.Jan 25, 2021 at 5:20 p.m. UTCBlockchain Bites: ETH Pumps, Coins Leave ExchangesEthereum’s and Chainklink’s...
ETH -8.83% · · 17h

Who is behind Zero Exchange?

Zero Exchange is a new decentralized exchange with cross chain swaps on Ethereum and soon Avalanche blockchain promising zero fees and zero finality
ETH -8.83% · · 21h

YFD Farms Now Open: Full Details Below

Our Farming platform has just gone live. This article will provide you with all the details you need to start farming now. Our Farming platform has just been released. The full audit report has been…