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Nasdaq: Financial Advisors Want Bitcoin Allocation

  • A survey of 500 monetary advisors noticed 72% needing to make investments extra into the bitcoin and broader cryptocurrency sector if a bitcoin spot ETF was authorised.
  • Those surveyed are already invested into bitcoin or different cryptocurrencies, or are extremely contemplating allocation to the asset class.
  • Less than 9% of advisors are assured in their means to expertly advise purchasers inside the asset class, denoting an academic hole between conventional finance and an rising financial system.

In a Nasdaq survey of 500 monetary advisors whom are already allotted or think about allocation in the direction of bitcoin and different cryptocurrency-based merchandise, 72% would make investments extra closely into the house if a spot exchange-traded fund (ETF) was authorised, in accordance to a press launch despatched to Bitcoin Magazine detailing the outcomes.

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