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39% of Family Offices Investing or Exploring Cryptocurrencies: BNY Mellon

source-logo  news.bitcoin.com 06 June 2024 06:52, UTC

The 2024 BNY Mellon Wealth Management Study reveals a divided perspective among family offices regarding cryptocurrency investments. Approximately 39% of the surveyed family offices are either actively investing in cryptocurrencies or considering them, highlighting a keen interest in this modern asset class. These offices are motivated by the desire to stay abreast of new investment trends and opportunities presented by digital assets. Conversely, a similar proportion (38%) express no interest in cryptocurrencies, driven by concerns over the high volatility and unclear regulatory landscape of digital assets. Issues such as hacking and cybercrime further deter these family offices from engaging with cryptocurrencies. Among those exploring or investing in cryptocurrencies, there is a noticeable preference for public market ETFs that include cryptocurrencies, and some show an inclination toward direct trading on exchanges.

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