25% of Advisers Oversee Less Than Half of Clients' Crypto Assets
CSHR•CoinShares finds 25% of European wealth advisers report more than 50% of clients' crypto holdings lie outside adviser oversight, with the UK rate at 52%. Firm policy drives this management gap: 61% of advisers in restrictive firms face oversight gaps up to 34%.
1. Survey Scope and Key Findings
The survey polled 261 European wealth management advisers across France, Germany, Italy, Switzerland and the UK, revealing that 25% report more than 50% of their clients’ digital asset holdings are invisible to them, with the UK rate reaching 52%.
2. Firm Policy Drives Management Gaps
Six in ten advisers (61%) work in firms that explicitly restrict digital assets or provide no clear internal guidance, causing management gaps that expand from 4% in supportive firms to 34% in blocked ones, while active recommendation rates fall from 48% to just 1%.
3. Adviser Engagement and Knowledge Effects
Advisers who actively recommend digital assets report management gaps above 50% in 9% of cases, compared with 40% among those feeling insufficiently informed, indicating that knowledge shortfalls stem from restrictive firm policies rather than individual adviser appetite.
4. Regulatory Catalysts and ETP Access
Advisers cite regulatory recognition as a mainstream asset class (45%) and access to exchange-traded products (43%) as primary catalysts to boost crypto recommendations, aligned with the July 1 MiCA rollout, France’s UCITS review and the UK’s proposal to allow up to 10% crypto ETP holdings in authorised funds.
