Nasdaq: Financial Advisors Want Bitcoin Allocation

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  • A survey of 500 financial advisors saw 72% desiring to invest more into the bitcoin and broader cryptocurrency sector if a bitcoin spot ETF was approved.
  • Those surveyed are already invested into bitcoin or other cryptocurrencies, or are highly considering allocation to the asset class.
  • Less than 9% of advisors are confident in their ability to expertly advise clients within the asset class, denoting an educational gap between traditional finance and an emerging monetary system.

In a Nasdaq survey of 500 financial advisors whom are already allocated or consider allocation towards bitcoin and other cryptocurrency-based products, 72% would invest more heavily into the space if a spot exchange-traded fund (ETF) was approved, according to a press release sent to Bitcoin Magazine detailing the results.

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