Survey of financial advisers and Grayscale comments suggest strong support fo...
“The vast majority of advisors we surveyed either plan to begin allocating to crypto or increase their existing allocation to crypto,” said Nasdaq's Jake Rapaport. While the United States Securities and Exchange Commission (SEC) has yet to approve a spot Bitcoin exchange-traded fund, a recent Nasdaq survey suggested that the offering could lead to greater adoption of crypto among financial advisers.According to the results of a Nasdaq survey released on Monday, 72% of 500 financial advisers would be more likely to invest their clients' assets in cryptocurrency should the SEC approve a spot....
Related News
More than a quarter of financial advisers intend to recommend crypto investments over the next year. According to a survey, financial advisers are recommending investments in Bitcoin and crypto assets to their clients more than ever before.A report by the Financial Planning Association released on June 1 has taken a look at the changing attitudes towards crypto assets. The ‘2021 Trends in Investing Survey’ revealed that more financial advisers than ever are recommending their clients have some crypto in their portfolios.The survey was conducted in March and received 529 online responses....
Grayscale’s Michael Sonnenshein, Amber Group’s Jeffrey Wang and Edouard Hindi of Tyr Capital believe financial advisers could be ushering in a new era of crypto adoption. In the past, there were plenty of reasons for financial advisers to dismiss Bitcoin (BTC) and other cryptocurrencies as a worthy investment, but all of that is starting to change as more institutions become attuned to the digital asset class. A face-melting rally for Bitcoin between September 2020 and April 2021 amplified the need to push beyond the narrative that digital assets are simply too volatile to include in....
A new Bitwise survey highlights a more favorable attitude toward Bitcoin and cryptocurrencies. Cryptocurrencies like Bitcoin (BTC) are increasingly being used by financial advisers as a hedge against inflation, underscoring the dramatic shift in institutional sentiment toward digital assets. The "Bitwise/ETF Trends 2021 Benchmark Survey" reveals that 9.4% of financial advisers were allocating to cryptocurrencies in 2020 — an increase of 49% from the previous year. Of the advisers not currently allocating to crypto, 17% said they will either “definitely” or “probably” gain exposure in 2021.....
A recent survey of financial advisors and their investing strategies shows “a significant shift to embracing cryptocurrencies.” More than 26% indicated that they plan to increase their recommendation of cryptocurrencies over the next 12 months. Furthermore, 49% of advisers said that clients have asked them about investing in cryptocurrencies in the last six months. Financial Advisors Show Significant Shift to Embracing Cryptocurrencies The 2021 Trends in Investing Survey, conducted by the Journal of Financial Planning and the Financial Planning Association (FPA), and supported....
A survey from Grayscale Investments suggests interest in bitcoin is on the rise, with the coronavirus being a driver of new investors.