RIAs Key to Expanding Cryptocurrency Adoption Beyond Core Investors

Registered investment advisers (RIAs) are crucial to expanding the reach of cryptocurrencies beyond its current investor base, which is mainly made up of crypto-native retail investors and hedge funds. Despite the launch of Bitcoin and Ether exchange-traded funds (ETFs) in the US, which have attracted around $60 billion in investment this year, only a small percentage of RIAs are actively recommending crypto to clients due to concerns around market volatility and regulatory ambiguity. To reach everyday investors, crypto needs to win over RIAs, who represent one of the fastest-growing segments of US wealth management and the largest buyers of ETFs. While some wirehouses are exploring adding BTC to portfolio models, the availability of digital assets in the ETF wrapper is a game changer for financial advisers who are fielding client demand.