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