SMSFs pile into crypto for alternative asset exposure — Capital Brief
While institutional superannuation funds await legislation around digital assets, self-managed super fund (SMSF) trustees are diving into cryptocurrencies as an alternative asset class.
A recent survey by CoreData found 77% of financial advisers to SMSFs believe fewer than 5% of their clients hold crypto or crypto ETFs. But when investors were surveyed directly, 38% said they already hold crypto.
Kate Cooper, CEO of digital platform and crypto exchange OKX, said that mismatch reflects a lag in understanding around the mainstream adoption of crypto.
“The irony of it all is apparently 21% of the advisers themselves hold crypto,” she told Capital Brief. At 38%, SMSF crypto investors almost match the broader Australian population —…
