Three quarters of wealth managers planning to embrace crypto

UK regarded as future regulatory hub

Wealth managers are expecting to increase their exposure to cryptocurrency over the next 12 months, and pipped the UK to have the most favourable regulatory environment for them to do so.

A new survey from HANetf conducted across 75 wealth managers in the UK and Europe found that 75% of respondents expect to increase their exposure to cryptocurrencies over the next year, despite the sharp drop in all major cryptocurrencies over the 12 months. Of the 13 major cryptocurrencies featured in the study none of them made a positive return over H1 2022. The smallest loss came from Bitcoin, which was down 59.6% during that time, according to HANetf. Its one year performance was down 41.9%, a long way from its November 2021 peak. But this has evidently not impacted the wealth ma...