#Crypto advisor buys more#

The trend of financial advisors allocating more capital to crypto is accelerating. A new report from Bitwise and VettaFi shows that 56% of financial advisors are more likely to invest in crypto this year, while 99% of advisors who have already invested in crypto plan to maintain or increase their investments. The surge in cryptocurrency prices and increased regulatory clarity in 2024 have sparked greater interest among both clients and advisors. In 2024, a record 96% of advisors responded to client inquiries about cryptocurrencies, up from 88% in 2023. Additionally, the percentage of advisors allocating cryptocurrency in their clients' portfolios doubled year-over-year, rising from 11% in 2023 to 22% in 2024. Institutional investors and Registered Investment Advisors were the most likely to allocate cryptocurrency, followed by representatives of large securities firms. The report also reveals that advisors' clients are increasingly taking independent stances on cryptocurrencies. By 2024, 71% of clients were investing in cryptocurrencies independently of their advisors, up from 59% in 2023. Advisors who haven't yet allocated to crypto are increasingly likely to do so, with 19% planning to invest in 2025, up from 8% last year. These figures suggest that cryptocurrencies are gaining mainstream acceptance in the financial landscape, with more and more advisors and clients incorporating them into their investment portfolios.