A recent study conducted by BNY Mellon Wealth Management in 2024 has shown that family offices have varying perspectives on cryptocurrency investments. According to the survey, approximately 39% of family offices either currently invest in cryptocurrencies or are considering doing so. This highlights a strong interest in this modern asset class and a desire to stay updated on new investment trends and opportunities presented by digital assets.
On the other hand, an almost equal proportion of family offices (38%) expressed no interest in cryptocurrencies. Their lack of interest is primarily driven by concerns over the high volatility and unclear regulatory landscape surrounding digital assets. Additionally, issues such as hacking and cybercrime further discourage these family offices from getting involved with cryptocurrencies.
Among the family offices that are exploring or investing in cryptocurrencies, there is a clear preference for public market exchange-traded funds (ETFs) that include cryptocurrencies. Some also show a tendency towards direct trading on cryptocurrency exchanges.
