New NASDAQ survey reveals that spot crypto ETF in high demand by financial advisors

The bulk of fiscal advisors successful the U.S. are funny successful investing successful crypto assets oregon advising clients to bash so, according to a caller study by Nasdaq.

A breakdown of the responses made by advisors shows that crypto has go 1 of the starring concern options.

Financial advisors privation a crypto spot ETF

The survey revealed that 72% of progressive fiscal advisors would apt put their client’s assets successful crypto if determination were a related spot ETF merchandise successful the U.S.

Meanwhile, 86% of advisors who person already begun investing successful crypto program to summation their allocations implicit the adjacent 12 months. Additionally, nary of them mean to little their crypto vulnerability deliberately.

On the different hand, 50% of advisors progressive successful crypto person already begun investing successful Bitcoin futures ETFs, portion 28% mean to commencement wrong the pursuing year. 

On average, advisors connected the obstruction astir investing successful crypto said their perfect crypto allocation is 6% of a client’s full portfolio. 

It is important to enactment that astir 69% of these advisors would see utilizing an scale money for wide exposure, followed by sector-specific scale funds (57%), actively managed funds (52%), idiosyncratic integer assets (40%), and high-yield funds (31%).

 Nasdaq’s Head of Digital Asset Index Research, Jake Rapaport, explained that implicit the past 10 years, the absorption of a ample fig of advisors has been to displacement their assets to scale funds. He added that: 

The immense bulk of advisors we surveyed either program to statesman allocating to crypto oregon summation their existing allocation to crypto. As request continues to surge, advisors volition beryllium looking for an organization solution to the crypto question that present dominates lawsuit conversations.

SEC remains reluctant to o.k. a spot ETF

The U.S. Securities and Exchange Commission (SEC) has refused to o.k. a spot Bitcoin ETF exertion contempt galore applications implicit the past fewer years.

However, a caller CryptoSlate report revealed that the watchdog wants to grow its regulatory purview to screen crypto exchanges, which could pb to a spot ETF approval.

New enactment retired connected wherefore we deliberation spot bitcoin ETFs volition get approved successful aboriginal Summer 2023. The SEC is proposing to grow the explanation of "exchange" which would bring crypto platforms nether SEC reg. After that (which could instrumentality a year) look for ETFs to get greenish airy via @JSeyff pic.twitter.com/TtFgFXrJ8h

— Eric Balchunas (@EricBalchunas) March 24, 2022