CoinShares released a survey on Thursday indicating that 52% of UK financial advisers cannot view the majority of their clients' cryptocurrency holdings due to firm‑level restrictions.
Survey Findings
The study sampled 261 wealth‑management professionals across Europe, revealing that more than half of advisers in the United Kingdom consider their clients' crypto exposure “invisible.” Across France, Germany, Italy and Switzerland, the same invisibility rate dropped to 25%, highlighting a regional disparity. The timing coincides with recent volatility in Bitcoin, which surged 8% after a dip, underscoring the relevance of accurate holdings data.
Policy Constraints
According to the data, 61% of respondents work for firms that either impose explicit bans on digital assets or lack a clear internal policy governing their treatment. Jean‑Marie Mognetti, co‑founder and CEO of CoinShares, said those internal rules, not investor demand, prevent advisers from integrating crypto positions into portfolio decisions.
Impact on Investors and the Market
Mognetti warned that the inability to account for crypto assets creates a “wrong