CoinShares survey shows that UK wealth advisory clients' cryptocurrency assets are mostly outside of regulatory management

According to The Block, CoinShares surveyed 261 European wealth management practitioners and found that 52% of UK advisors reported that over half of their clients' digital assets were not under their management, compared to approximately a quarter in Europe as a whole. The report points out that 61% of the surveyed consultants' institutions have restrictions or no clear information on digital assets, resulting in a proactive recommendation rate of only 1% in restricted institutions and a management gap of 34%, while it is only 4% in supporting institutions. Respondents believe that regulatory inclusion of encrypted assets in mainstream asset classes and provision of encrypted ETPs are key structural conditions for narrowing the gap.