More financial advisors warm up to crypto in client portfolios. Here’s why.
Bitwise’s most recent survey found 22% of advisors said they were allocating to crypto, up from 11% a year earlier.
Across the world of wealth management, crypto is starting to become a bigger part of the conversation, even if it isn’t widely adopted amid concerns about transparency, volatility, and valuation methods. In some ways, it’s still baby steps.
“The industry overall is thinking more and more about crypto,” says Brian Pollak, a portfolio manager and head of the investment policy committee at Evercore Wealth Management, which has two crypto ETFs available to clients on its platform. While the firm has some older clients with an appetite for crypto,…
