Half of UK Wealth Advisors Say Clients' Crypto Assets Mostly Outside Management, Main Reason Is Institutional Policy Restrictions

CoinFeed June 25 report, according to The Block, CoinShares surveyed 261 European wealth management practitioners and found that 52% of UK advisors say more than half of their clients' digital assets are not under their management, with the overall figure for Europe being about a quarter. CoinShares calls this the 'management gap', which includes client holdings on personal exchange accounts or self-custody platforms. The report notes that 61% of surveyed advisors' institutions have restrictive or unclear policies on digital assets, resulting in only a 1% active recommendation rate in 'restricted institutions' and a management gap of 34%, compared to only 4% in 'supportive institutions'. Respondents believe that regulatory inclusion of crypto assets into mainstream asset classes (45%) and providing crypto ETPs (43%) are key structural conditions for narrowing the gap.