Solely 34% of advisors mentioned they’re actively recommending crypto to shoppers, down from 59% within the December survey. DACFP mentioned anecdotal proof means that this decline resulted from corporations issuing up to date steerage to advisors throughout their due diligence means of evaluating the brand new spot bitcoin ETFs.
Of respondents who mentioned they’re recommending crypto, 8% are recommending it to all their shoppers, a slight enhance from December. One other 24% have beneficial crypto to greater than half of their shoppers, and 35% have beneficial to lower than 10%.
Total, 87% of respondents mentioned they’re recommending that shoppers allocate 1% to five% of their belongings to crypto, with 31% settling a 2% beneficial allocation. One other 8% of advisors advocate allocations of 10% to 14%, and 1% are recommending allocating greater than 20%.
“Advisors more and more categorical curiosity in allocating in the direction of digital belongings as a way of higher diversifying their shoppers’ portfolios and capturing the funding alternative represented by the rising protocol-based community financial system,” Sandy Kaul, head of digital asset and trade advisory providers at Franklin Templeton, mentioned within the assertion.
Of the advisors who haven’t but allotted to crypto however mentioned they intend to take action, 28% mentioned they deliberate to allocate 5% of belongings in shopper portfolios.