In 2024, the number of financial advisors incorporating cryptocurrencies into client portfolios surged to 22% from 11% in 2023, attributed to increased interest driven by spot Bitcoin ETFs. A survey highlighted that 96% of advisors were approached by clients interested in cryptocurrencies, reflecting the growing interest in digital assets among investors.
Bitcoin experienced remarkable growth, reaching an all-time HIGH of over 108,000 USD in 2024, driven by the launch of spot Bitcoin ETFs which accumulated over 35 billion USD in assets. Ethereum and Solana also experienced significant gains, with Ethereum increasing by 45% and Solana by 85% during the same period.
The electoral success of Donald Trump and the Republican control of the House and Senate in the U.S. Is anticipated to foster a more crypto-friendly regulatory environment. 56% of advisors expressed increased willingness to invest in cryptocurrencies, expecting favorable policies under the forthcoming administration, potentially boosting Bitcoin, Ethereum, and Solana investments further.