TechFlow news, March 25 — According to CoinDesk, at the Exchange conference held in Las Vegas, Todd Rosenbluth, research director at TMX VettaFi, and senior investment strategist Cinthia Murphy shared findings from a survey of U.S. financial advisors, revealing significant attention toward cryptocurrency exchange-traded funds (ETFs). The survey showed that 57% of advisors plan to increase their investment allocation in crypto ETFs this year, while only 1% said they would reduce their exposure.
"Last year, investing in cryptocurrencies might have been seen as a reputational risk," Murphy noted. "Today, no advisor can afford to avoid having a basic conversation about crypto."
The survey found that advisors show particular preference for crypto equity ETFs—funds that invest in publicly traded companies directly linked to the crypto industry, such as Strategy (formerly MicroStrategy) or Tesla. "Crypto equity ETFs are easier to understand and more accessible, which may explain their popularity," Murphy said.
In addition, spot crypto ETFs and multi-token funds are also gaining increasing interest. Twenty-two percent of respondents plan to allocate funds to spot crypto ETFs, such as spot Bitcoin (BTC) or spot Ethereum (ETH) ETFs, while another 19% expressed interest in crypto asset funds holding multiple tokens.
