#99% of advisors will increase their holdings of cryptocurrency.#
Hot Topic Overview
Overview
A new report from Bitwise and VettaFi shows that cryptocurrency adoption among financial advisors is rapidly increasing. The report surveyed 430 financial advisors and found that 56% of advisors are more likely to invest in crypto this year, while 96% of advisors have been asked about cryptocurrency by clients in 2024, up from 88% in 2023. Additionally, the percentage of advisors allocating cryptocurrency in client portfolios rose from 11% in 2023 to 22% in 2024. More importantly, 99% of advisors who already invest in cryptocurrency plan to maintain or increase their investments in 2025. This indicates that despite market sentiment being affected by the 2024 US election results, cryptocurrency is becoming increasingly mainstream among financial advisors, and more advisors are likely to join the ranks of those investing in crypto 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 cryptocurrencies plan to maintain or increase their investments in 2025. The report surveyed 430 financial advisors, and found that the outcome of the 2024 U.S. Presidential election has changed market sentiment, with 56% of advisors more likely to invest in cryptocurrencies this year. In 2024, a record-high 96% of advisors fielded questions about cryptocurrencies from clients, up from 88% in 2023. Additionally, the proportion of advisors allocating cryptocurrencies in client portfolios has doubled year-over-year, rising to 22% in 2024 from 11% in 2023. Institutional investors (30%) and Registered Investment Advisors (RIAs) (28%) are most likely to allocate cryptocurrencies, followed by representatives of large securities firms (24%). The report also shows that advisors who have not yet allocated cryptocurrencies are increasingly likely to do so, with 19% planning to invest in 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 56% of advisors more likely to invest in crypto this year.
The outcome of the 2024 US election shifted market sentiment, fueling the growth of cryptocurrency investment.
99% of financial advisors who have already invested in cryptocurrency plan to maintain or increase their investments.
More and more financial advisors are starting to allocate cryptocurrency to their clients' portfolios, increasing from 11% in 2023 to 22% in 2024.