A recent report by Bitwise and VettaFi reveals that 56% of financial advisors are more likely to invest in crypto this year, with the 2024 US election results pivoting sentiment.The 2024 surge in crypto prices and increased regulatory clarity have sparked greater interest from clients and advisors alike. In 2024, 96% of advisors fielded client inquiries about crypto, the highest level recorded, up from 88% in 2023.Additionally, the proportion of advisors allocating crypto in client portfolios doubled year-over-year, rising to 22% in 2024, compared to 11% in 2023. Institutional investors (30%) and Registered Investment Advisors (RIAs) (28%) were the most likely to allocate crypto, followed by wirehouse representatives (24%).Advisors’ clients are also increasingly taking independent positions in crypto, with 71% investing in crypto independently of their advisors in 2024, up from 59% in 2023. These “held-away” assets represent a growing opportunity for advisors looking to integrate crypto into broader wealth plans.The report surveyed 430 eligible responses from financial advisors.The report paints a picture of an industry gaining momentum. Advisors who have yet to allocate crypto are increasingly inclined to do so, with 19% planning to invest in 2025, up from 8% last year.Meanwhile, 99% of advisors already investing in crypto plan to maintain or increase their exposure.Political momentumThe 2024 US elections marked a significant turning point for crypto. President-elect Donald Trump’s embrace of digital assets, including a strategic Bitcoin (BTC) reserve proposal, has fueled optimism.Additionally, pro-crypto candidates secured key victories in Congress, tilting the political landscape in favor of the industry.The report also highlighted mounting speculation over Senator Cynthia Lummis’ (R-WY) proposal for the US to purchase 1 million Bitcoins over five years, with 45% of advisors believing it will happen.The report suggests that the US’s potential entry into the Bitcoin reserves race could set off a global trend, with countries like Brazil and Poland already considering similar legislation.Remaining barriersDespite growing enthusiasm, challenges remain

As crypto continues to gain traction in the mainstream economy, its adoption is expanding beyond niche circles. A new survey from the asset management firm Bitwise confirms this narrative.The survey offers insights into how US financial advisors are integrating crypto into client portfolios and planning for the future.Crypto Becomes Mainstream: 56% of Advisors More Likely to Invest. The survey, conducted between November 14 and December 20, 2024, reveals a significant shift in financial advisors’ perceptions and actions toward cryptocurrency. A surprising outcome of the 2024 US elections has been the marked increase in advisors’ enthusiasm for cryptocurrency. About 56% of surveyed advisors stated that the election results made them more likely to invest in crypto in 2025.The number of advisors incorporating crypto into client portfolios has surged. In 2024, 22% of advisors reported allocating to crypto in client accounts, a dramatic increase from just 11% in 2023

Bitwise has launched a new ETP (Exchange-Traded Product) dedicated to Solana, identified with the ticker BSOL, which offers an innovative opportunity for investors interested in the cryptocurrency sector.