Here’s The Essential Factor Missing From Crypto Mass Adoption | CryptoGazette
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The mainstream adoption of digital assets remains an important goal for the crypto space. There are new data that reveals what it would take for financial advisers in the US to go ahead with investing in the crypto industry these days.
A new NASDAQ survey shows important crypto data
A new Nasdaq survey of 500 financial advisors who are considering investing in crypto, showed the fact that 72% would be willing to invest their clients’ assets in crypto if regulators approve a spot exchange-traded fund (ETF).
It’s also worth noting the fact that according to the data revealed by this study, the overwhelming majority of securities brokers plan to increase their exposure to crypto assets in the next 12 months.
Also, none of them plan to decrease it.
“It also determined that 86% of total respondents plan to increase their crypto allocations over the next 12 months while 0% plan to decrease,” the notes say.
More than that, the study showed the fact that 50% of the respondents say they are already using Bitcoin (BTC) futures ETFs while 28% say they plan to start trading them within a year.
Jake Rapaport, head of digital asset index research at Nasdaq stated the following after this survey came out:
“Over the last decade, financial advisors have been focused on shifting assets into index funds. As they incorporate digital assets into their investment strategies, they are expressing strong interest in a similar vehicle that can offer broad asset class exposure for their clients.”
He also made sure to highlight the fact that the vast majority of advisors who have been surveyed either plan to begin allocating to crypto or increase their existing allocation to crypto.
He also noted the fact that the demand continues to surge, and as a result, advisors will be looking for an institutional solution to the crypto needs of their clients.
We suggest that you check out the complete survey in order to learn more interesting details.
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