Summary
- According to a survey by TMX VettaFi, 57% of US financial advisors reported plans to increase their crypto ETF positions.
- 42% of respondents said they would maintain their positions, while only 1% indicated plans to reduce them.
- Cinthia Murphy, Chief Investment Strategist at TMX VettaFi, explained that there is high interest in crypto equity ETFs investing in companies related to cryptocurrencies.
On the 24th (local time), according to the crypto-specialized media CoinDesk, TMX VettaFi, a subsidiary of TMX Group, revealed through a survey report that 57% of US Financial Advisors plan to increase their crypto ETF positions.
42% of respondents said they would maintain their current positions, while only 1% planned to reduce their positions.
Cinthia Murphy, Chief Investment Strategist at TMX VettaFi, stated, "This survey was conducted with thousands of financial advisors in the US," adding, "There was particularly high interest in crypto equity ETFs investing in companies related to cryptocurrencies, such as Strategy (formerly MicroStrategy) and Tesla."
She further added, "These products are easy to understand and offer easy control, which acted as an advantage."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
