PANews reported on January 9 that according to the latest survey released by Bitwise Asset Management and VettaFi, the proportion of financial advisors who will include crypto assets in their clients' portfolios in 2024 will rise from 11% in the previous year to 22%. The survey covered registered investment advisors (RIAs), broker representatives, and financial planners, among which 96% of respondents said they had received inquiries from clients about cryptocurrencies in the past year.
2024 became a turning point for crypto assets, with Bitcoin prices soaring 123% to a record high of $108,000, benefiting from the launch of a record-breaking spot Bitcoin ETF, which attracted more than $35 billion in inflows. Other crypto assets also performed strongly, with Ethereum up 45% and Solana up 85%.
With traditional financial giants such as BlackRock and Fidelity launching spot Bitcoin ETFs, and President Trump's election may promote more friendly cryptocurrency policies, the crypto market continues to heat up. According to a Bitwise survey, 56% of financial advisors said they are more likely to invest in crypto assets this year due to the results of the November 2024 election. The Republican Party controls both houses of Congress and is expected to appoint a more cryptocurrency-supportive Securities and Exchange Commission (SEC) chairman, which will further ease regulatory pressure on digital assets.
