72% of Nasdaq’s 500 financial advisors were highly likely to invest client funds in cryptocurrencies if they had access to a qualifying spot ETF-product.
A survey of $26 trillion in assets has been conducted by 8 Acre Perspective on behalf of Nasdaq.
According to the survey, only 38% of respondents believe the SEC will approve a spot crypto ETF in 2022. 31% of respondents consider such an outcome unlikely. Jake Rapaport, head of digital asset index research at Nasdaq, has said:
“The vast majority of advisors we interviewed plan to either start allocating funds to crypto or increase their existing allocation.”
Among advisors investing in digital assets 86% intend to increase the share of cryptocurrencies in portfolios over the next 12 months. Nobody announced plans to reduce. Of the same group, 50% of respondents are already using bitcoin futures ETFs, and 28% plan to start.
According to the survey, only four out of ten advisors have considered investing in individual cryptocurrencies.
