Overview
- CoinShares published a survey of 261 European wealth professionals on June 25 that documents a large advisory blind spot where clients hold crypto outside adviser oversight.
- The report finds firm policy is the main driver: 61% of advisers work at firms that restrict or give no guidance on crypto, and advisers at restricted firms recommend crypto far less than those at supportive firms.
- Measured results are stark: 52% of UK advisers and 25% of advisers across the five surveyed markets report that more than half of their clients' digital-asset holdings sit outside their view.
- Advisers say two near-term changes would most increase their willingness to manage crypto—formal regulatory recognition and better access to regulated exchange-traded products—points that tie into the EU's MiCA rollout on July 1 and recent UK FCA proposals on ETP exposure.
- The missing visibility creates practical risks for clients and advisers because unmanaged crypto can hide concentration, liquidity and tax issues, and bringing allocations into regulated wrappers could shift capital back under professional oversight and change how advice is delivered.