• 72 percent of financial advisers with $26 trillion in assets under management would invest in a crypto spot ETF

  • The fact that there is presently an exchange-traded fund (ETF) for Bitcoin futures has not deterred investors from becoming more involved in the prospect of seeing a crypto spot become available in the market.

    According to a recent Nasdaq study of 500 financial advisers who are now or are considering allocating to cryptocurrencies, 72 percent of advisors would be more likely to invest client assets in crypto if a spot ETF product was established in the US.

    Within the group of advisers who are believed to handle $26 trillion in assets, 86 percent of those who have already invested in cryptocurrencies expect to increase their allocations over the next 12 months, while 0 percent expect to decrease their allocations.

    According to the survey, 50 percent of the same group are presently using Bitcoin futures ETFs, and another 28 percent want to start using them within the next 12 months.

    Advisors recommend 6% of a client’s total portfolio.

    Advisors that are now investing in cryptocurrencies or are thinking about investing in cryptocurrency report that their ideal cryptocurrency allocation for a client is 6 percent of the client’s overall portfolio on average.

    For broad exposure, 69 percent of advisers polled would consider using an index fund, followed by sector-specific index funds (57 percent), actively managed funds (52%), individual digital assets (40%), and high-yield funds (31%), in that order.

    Nasdaq’s Head of Digital Asset Index Research, Jake Rapaport, stated:

    “The vast majority of advisors we polled plan to start allocating to cryptocurrency or raise their present allocation to cryptocurrency.” Advisors will be seeking for an institutional solution to the crypto question that is already dominating client dialogues as demand continues to rise.”

    He continued, saying:

    “Crypto inflows through adviser channels show no indications of abating, even as advisors wrestle with regulatory issues and seek help from instructional materials from other industry participants, including as asset managers and index providers.”

    Finally, nearly 10% of advisers claim to be extremely knowledgeable about cryptocurrency, and another 9% are very confident in their ability to advise customers on digital assets. Almost all of the advisers polled (98%) expressed a desire to learn more about bitcoin and digital assets.

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