Crypto ready for next phase of adoption: Winning over financial advisers
Registered investment advisers (RIAs) are becoming crucial in the adoption of cryptocurrency among everyday investors. Despite substantial inflows into Bitcoin and Ether exchange-traded funds (ETFs) since their US launch in 2024, around 55% of RIAs express no intention to recommend crypto due to volatility and regulatory uncertainty. However, growing client demand is prompting a shift, with about a quarter of RIAs exploring crypto investment. The acceptance of crypto ETFs is increasing, especially among RIAs managing substantial portfolios. Wirehouses, which control significant funds, are still cautious but are beginning to show interest in including BTC in their models. The potential for adding features like staking to Ethereum ETFs presents another opportunity for growth, although regulatory hurdles remain. Ultimately, the legitimacy gained through ETF launches is expected to foster greater trust and adoption of crypto among financial advisers.
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