The emergence of new Bitcoin and Ethereum ETFs in 2024 has spurred interest in cryptocurrencies, yet access for financial advisors remains limited.
Growing Interest in Crypto
A new survey by Bitwise Asset Management and ETF data provider VettaFi reveals growing interest among financial advisors in cryptocurrencies. However, only 35% can invest in crypto assets for their clients, highlighting a significant barrier to broader adoption.
Key Challenges for Advisors
The survey, conducted from November 14 to December 20, 2024, included over 400 financial advisors. It showed that while crypto allocations have doubled to 22% year-over-year, access issues remain. Meanwhile, 71% of advisors reported that 'some' or 'all' of their clients are investing independently, outside the advisory relationship.
Optimism and Future
Although barriers remain, interest in crypto remains strong. Ninety-six percent of advisors received questions about crypto from clients in 2024, and 99% of advisors with existing crypto allocations plan to maintain or increase their exposure in 2025. The survey also showed that 19% of those who haven't allocated to crypto yet plan to add this asset class in 2025, more than double last year's figure.
While financial advisors continue to face access limitations to cryptocurrencies, overall interest and future projections remain positive, potentially leading to further industry growth in the coming years.
