TechFlow news, January 9 — According to The Block, a recent survey by Bitwise Asset Management and VettaFi reveals that the proportion of financial advisors allocating cryptocurrencies for clients rose from 11% in the prior year to 22% in 2024. The survey included 430 financial advisors, such as RIAs, broker-dealer representatives, and financial planners, with 96% reporting they received client inquiries about cryptocurrencies last year.
Notably, 56% of advisors said they are more inclined to invest in cryptocurrencies this year due to the outcome of the November 2024 U.S. election. Market expectations suggest the incoming administration will be more supportive of the crypto industry, particularly regarding the SEC's regulatory stance.
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