- Crypto majors are thriving as Bitcoin hits a new 2-month high at $95k, while Monero reaches a new all-time high at $715, up 69% year-to-date.
- Financial advisors are increasingly recommending crypto, with 32% allocating to digital assets in client portfolios, up from 22% in 2024.
- Advisors are showing high personal ownership of crypto, with 56% now holding digital assets, the highest level since 2018.
- The survey shows that advisors are gravitating towards stablecoins, tokenization, and macro use cases in the crypto space.
- Wealth advisors are embracing crypto, with allocations above 2% becoming the norm, signaling a shift towards longer-term positioning.
- Access to crypto through institutional channels is fueling adoption, with 42% of advisors now having access to buy crypto for clients.
- Financial advisors play a crucial role in mainstream adoption of crypto, with their influence likely to increase portfolio allocations and buy pressure on Bitcoin and other cryptocurrencies.
- In the market, crypto majors are performing well, with Bitcoin at $95,100, ETH at $3,300, SOL at $145, and XRP at $2.12.
- Visa partners with BVNK for stablecoin payouts, Coingecko considers a $500M sale, and a draft provision may grant XRP and others non-security status.
- The BTC ETFs saw $753.8M in net inflows, SharpLink plans to expand, and a Kraken-linked SPAC eyes a $250M U.S. public offering.
Read more at Yahoo Finance: Financial Advisors Are More Bullish Crypto Than Ever