As per a recent Nasdaq poll of 500 financial advisers who are now or are contemplating allocating to cryptocurrency, 72% of advisors would be more willing to invest client funds in crypto if a spot ETF product were launched in the United States, according to a GlobeNewswire report. Within the group of advisors who are said to collectively control $26 trillion in assets, of those who have already invested in cryptocurrency, 86% anticipate raising their allocations over the next 12 months, while 0% intend to reduce their allocations. Of the same group, 50% are currently using Bitcoin futures ETFs, and another 28% want to begin using them over the next 12 months, per the survey.
Advisors recommend 6% of the client’s overall portfolio
Advisors who are presently investing in cryptocurrency or who are contemplating investing in cryptocurrency indicate that their ideal cryptocurrency allocation for a client is 6% of the client’s overall portfolio on average. For wide exposure, 69% of the advisers polled would consider using an index fund, followed by sector-specific index funds (57%), actively managed funds (52%), individual digital assets (40%), and high-yield funds (31%) respectively. Head of Digital Asset Index Research, Nasdaq, Jake Rapaport, said: He added: Finally, almost 10% of advisers claim to be very knowledgeable about crypto, and another 9% claim to be very confident in their abilities to advise customers on digital assets. Almost all of the advisors surveyed (98%) expressed an interest in learning more about cryptocurrency and digital assets.
