2023-01-25 19:12:09

Majority of financial advisors remain long-term bullish on crypto

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Kitco NEWS
By Jordan Finneseth

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(Kitco News) - Financial advisors remain highly engaged with the cryptocurrency market despite the loss in value the sector experienced in 2022, according to the results from the fifth annual Bitwise/VettaFi 2023 Benchmark Survey of Financial Advisor Attitudes Toward Crypto Assets.

Bitwise Asset Management, the world’s leading crypto index fund manager, and VettaFi, a leading data-driven ETF platform, released the results of their annual survey on Wednesday, which showed that 15% of financial advisors reported allocating to crypto in their client accounts over the past year. This figure is roughly equivalent to last year’s result of 16%, and notably better than the results in 2020 (6%) and 2021 (9%).

Ninety percent of those surveyed indicated that they had received inbound questions from clients about the asset class. The most common question was: “Should I consider an investment in crypto?”

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