The 2024 BNY Mellon Wealth Management Study shows that family offices are divided on cryptocurrency investments.
About 39% of the family offices surveyed are actively investing in or considering cryptocurrencies, highlighting their strong interest in this modern asset class. These family offices are motivated by a desire to keep up with new investment trends and opportunities presented by digital assets.
Conversely, almost the same proportion (38%) expressed no interest in cryptocurrencies, citing concerns about the high volatility of digital assets and the unclear regulatory environment.
Issues such as hacking and cybercrime further hinder these family offices from participating in cryptocurrencies. Among those who are exploring or investing in cryptocurrencies, there is a clear preference for public market ETFs that include cryptocurrencies, while some prefer to trade directly on exchanges. (Bitcoin.com)