Half of UK wealth advisers say clients' crypto is ‘invisible’ to them: CoinShares survey
A CoinShares survey of 261 European wealth management professionals found that UK advisers are especially likely to have clients’ crypto holdings outside their visibility: 52% said most of their clients’ digital assets exposure was “invisible” to them, versus 25% across surveyed European countries overall. Many advisers said firm policies were the main barrier, not client reluctance or lack of knowledge. About 61% reported working at firms that either restrict digital assets or give no clear internal guidance. CoinShares argued this creates a “wrong-way risk” because advisers cannot manage risk or give advice on assets they cannot see. The FCA has said about 8% of UK adults hold crypto and has proposed allowing authorized funds to allocate up to 10% to crypto exchange-traded notes.
