Financial Advisors See Strong Interest in Crypto — 90% Receive Inquiries About Crypto Investing, Survey Shows

A caller survey shows that involvement successful cryptocurrency remains beardown among fiscal advisors’ clients. “Despite marketplace performance, the astir communal question was: ‘Should I see an concern successful crypto?'” the survey results reveal.

Financial Advisors Bullish About Crypto Long Term

Crypto plus manager Bitwise Asset Management published a study titled “Bitwise/Vettafi 2023 Benchmark Survey of Financial Advisor Attitudes Toward Crypto Assets” connected Tuesday. This is Bitwise’s 5th yearly survey conducted successful collaboration with Vettafi, an exchange-traded money (ETF) platform.

The survey was conducted betwixt Nov. 25, 2022, and Jan. 6, 2023, with the information of 491 fiscal advisors, including autarkic registered concern advisors, broker-dealer representatives, fiscal planners, and wirehouse representatives from crossed the U.S. According to the survey findings:

Despite the crisp marketplace correction of 2022, fiscal advisors stay highly engaged successful crypto markets, with 15% allocating successful lawsuit accounts and 90% receiving inbound questions from clients astir the space.

“The survey is simply a reminder that crypto is 1 of the champion concern improvement opportunities successful the fiscal advisor market,” said Bitwise’s main concern officer, Matt Hougan.

The bulk of respondents are bullish astir bitcoin successful the agelong word but bearish this year, with 63% expecting BTC to autumn successful 2023 portion 60% judge it volition beryllium higher successful 5 years. “While advisors’ involvement successful bitcoin (41%) was astir doubly that of ethereum (20%), their bullishness toward the 2 largest crypto assets was astir evenly split,” Bitwise described, adding that 53% favored BTC portion 47% preferred ETH.

Reiterating that lawsuit involvement successful crypto “remains strong” arsenic 90% of fiscal advisors “received a question astir crypto from clients past year,” the study details:

Despite marketplace performance, the astir communal question was: ‘Should I see an concern successful crypto?’

“Despite marketplace volatility, 78% of advisors who presently person an allocation successful lawsuit accounts program to either support oregon summation that vulnerability successful 2023,” the survey additionally found. Among respondents, 59% said “some” oregon “all” of their clients were investing successful crypto connected their own.

Moreover, “crypto equity ETFs” were fiscal advisors’ apical crypto concern prime for 2023. The U.S. Securities and Exchange Commission (SEC) has approved respective bitcoin futures ETFs but has yet to o.k. a spot bitcoin ETF.

Vettafi’s caput of research, Todd Rosenbluth, commented:

Advisors and their extremity clients proceed to privation to larn much astir crypto investments contempt the volatility incurred successful 2022. For those with a semipermanent focus, involvement remains high.

What bash you deliberation astir this survey? Let america cognize successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.