The majority of Nasdaq financial advisers are willing to invest in a crypto spot exchange-traded fund should it be available in the United States, according to Finbold.
A recent poll of 500 financial advisers found that 72% of advisors said they were more than willing to invest client funds in a crypto spot ETF should it be launched in the United States.
The group of advisors is said to control $26-trillion worth of assets, with some of them already having investments in cryptocurrency. The ideal allocation for cryptocurrency for a client is set at an average of 6% of the overall portfolio.
Some 86% said they plan to increase their allocations in the next year, while none planned reductions. Half of the group said they are currently in Bitcoin futures ETFs, with another 28% eyeing to start using them in the next 12 months.
Results of the same survey found that 69% of advisers will consider using an index fund, followed by sector-specific index funds with 57%, actively managed funds with 52%, individual digital assets with 40%, and high-yield funds with 31%. BITO is down 4.52%, while BTF is down 4.28%.