39% of Family Offices Showing Interest in Cryptocurrencies: BNY Mellon
According to the latest findings from the 2024 BNY Mellon Wealth Management Study, there is a clear divide among family offices when it comes to their views on cryptocurrency investments. Surprisingly, around 39% of the surveyed family offices are actively investing or contemplating investing in cryptocurrencies, indicating a strong interest in this emerging asset class. These offices are motivated by a desire to stay ahead of the curve and leverage the potential opportunities presented by digital assets. However, in contrast, an equal percentage (38%) express no desire to explore cryptocurrencies due to concerns around their high volatility and the ever-changing regulatory landscape. Issues like hacking and cybercrime also contribute to the hesitancy. It is worth noting that among those family offices exploring or investing in cryptocurrencies, there is a clear preference for public market ETFs that include cryptocurrencies, and some are even considering direct trading on exchanges.