A recent CoinShares survey reveals that 52% of UK wealth advisors report that over half of their clients' digital assets remain outside their management, primarily due to institutional policy restrictions. This "management gap" is significantly higher in the UK compared to the European average of about 25%. The survey, which included 261 European wealth management practitioners, highlights that 61% of advisors work at institutions that either restrict digital assets or provide insufficient information, leading to a low proactive recommendation rate of 1% in such environments.
The report suggests that regulatory inclusion of crypto assets into mainstream asset classes and the availability of crypto exchange-traded products (ETPs) are crucial for reducing this management gap. Currently, the gap stands at 34% in restricted institutions, compared to just 4% in supportive ones, indicating a strong need for regulatory and institutional support to integrate digital assets into traditional wealth management.
UK Wealth Advisors Face Challenges in Managing Clients' Crypto Assets
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