Almost Third of Professional Investors Sidestep Advisors to Buy Crypto

Almost a third of professional investors in Europe who received financial advice say they plan to step outside of the relationship with their advisor to get exposure to crypto, a new survey commissioned by exchange-traded fund (ETF) sponsor WisdomTree has found.

According to the survey, many professional investors are now aware of the role digital assets can play as part of an investment portfolio. And as a result of the increased awareness, investors also say they intend to add crypto exposure to their portfolios, with 32% admitting that they will do so even if that means sidestepping their advisors.

Over 8 out of 10 professional financial advisors said that they have spoken to their clients about investing in crypto. Further, 41% of advisors surveyed also said they believe crypto has a role to play as a diversifier in an investment portfolio, with an allocation of 1%-2% deemed appropriate by 34% of the financial advisors.

Commenting on the results of the survey, however, WisdomTree’s Head of Digital Assets in Europe, Jason Guthrie, warned investors about the big differences that exists within the crypto space.

“Cryptocurrencies are a young asset and can be used for different roles in different portfolios. Categorizing all assets in the same way ignores the nuances and different use cases of coins,” Guthrie said, adding:

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