Half of UK Wealth Advisors Say Clients' Crypto Assets Mostly Outside Management, Main Reason Is Institutional Policy Restrictions

PANews June 25 news, according to The Block, CoinShares surveyed 261 European wealth management practitioners and found that 52% of UK advisers said more than half of their clients' digital assets are not under their management, while the figure for Europe overall is about one-quarter. CoinShares refers to this portion as the "management gap," which includes client holdings in personal exchange accounts or on self-custody platforms. The report notes that 61% of surveyed advisers work at institutions that either restrict digital assets or lack clear information, resulting in a proactive recommendation rate of just 1% in "restricted institutions" and a management gap of 34%, compared to only 4% in "supportive institutions." Respondents believe that regulatory inclusion of crypto assets into mainstream asset classes (45%) and the offering of crypto ETPs (43%) are the key structural conditions for narrowing the gap.

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