Report: Financial Advisors Increasingly Interested In Cryptocurrency

February 15, 2020 | By | Reply | 37 Readers More

The cryptocurrency index and beta fund provider, BitWise, recently published a report regarding how financial advisors look at digital assets. Partnering with numerous information sources on the matter, the company concludes that cryptocurrencies are becoming more attractive to advisors and their clients.

Increased Interest For Cryptocurrencies

BitWise and ETF Trends conducted the report by questioning 415 U.S.-based financial advisors. The paper seeks to understand how they and their clients look at cryptocurrencies as potential inclusions in their portfolios.

76% of all financial advisors responded that they had received questions from clients about cryptocurrencies during 2019. In other words, interest is there.

Additionally, 35% believe that some or all of their customers are investing in digital assets outside of their advisory relationship. Another 37% said that they are not…

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