A quarter of financial advisors have crypto in their clients’ portfolios – while 35% say they will be buying in the future, Credit Suisse survey finds

A quarter of financial advisors have crypto in their clients’ portfolios – while 35% say they will be buying in the future, Credit Suisse survey finds

A small survey from Credit Suisse found that 25% of financial advisors have digital assets, including cryptocurrencies, in their clients' portfolios. Meanwhile, 35% indicated that they will be including allocations to digital assets "in the future." The firm surveyed 40 financial advisors from RIAs, independent broker dealers, insurers, and banks for the Credit Suisse Retail Broker Survey for the second quarter. The results were published Tuesday. The willingness from financial advisors to allocate crypto in client portfolios comes amid a brutal cryptocurrency sell-off. On Tuesday, plunged below $30,000 for the first time since January. The world's largest cryptocurrency has pulled back 54% from it's all-time-high, and has nearly erased all of its year-to-date gains. Other cryptocurrencies tend to move in tandem with bitcoin. dropped 14% on Tuesday to a 24-hour low of $1,732.85, Ripple's dropped nearly 25%, and dogecoin has fallen 47% in the last seven days. However, financial advisors don't seem to be entirely shying away from digital assets. Credit Suisse found that a number of advisors would be interested in gaining cryptocurrency exposure through an exchange-traded fund. 40% of advisors would prefer crypto exposure via an ETF over directly investing, while 33% of advisors would prefer to invest