Survey: Demand for Crypto ETFs Surges Among US Financial Advisors, 57% Plan to Increase Investment Allocation This Year

According to CoinDesk, at the Exchange conference held in Las Vegas, Todd Rosenbluth, head of research at TMX VettaFi, and senior investment strategist Cinthia Murphy shared a survey targeting U.S. financial advisors. The results showed that cryptocurrency exchange-traded funds (ETFs) are receiving widespread attention; 57% of advisors plan to increase their investment allocation in crypto ETFs this year while only 1% said they would reduce it.

Murphy pointed out: "Last year, investing in cryptocurrencies might have been seen as a reputational risk but now no advisor can avoid having basic conversations about cryptocurrencies."

The survey revealed that advisors particularly favor crypto stock ETFs which invest in publicly listed companies directly related to the crypto industry such as Strategy (formerly MicroStrategy) or Tesla. Murphy stated: "Crypto stock ETFs are easier to understand and get started with which may explain their popularity."

In addition, spot crypto ETFs and multi-token funds are also attracting increasing interest. 22% of respondents plan to allocate funds to spot crypto ETFs like Bitcoin (BTC) or Ethereum (ETH) ETF; another 19% expressed interest in holding cryptocurrency asset funds with multiple tokens.