BNY Mellon survey: 39% of family offices are investing in or exploring cryptocurrencies

2024 New York Mellon Bank Wealth Management Study shows that there is a difference of opinion among family offices regarding cryptocurrency investments. Among the surveyed family offices, about 39% are actively investing in cryptocurrency or considering investing in cryptocurrency, highlighting their strong interest in this modern asset class. The motivation of these family offices is to keep up with the new investment trends and opportunities brought about by digital assets. In contrast, almost the same proportion (38%) of people expressed no interest in cryptocurrency due to concerns about the high volatility of digital assets and the unclear regulatory environment. Issues such as hackers and cybercrime further hindered these family offices from participating in cryptocurrency. Among those exploring or investing in cryptocurrency, there is a clear preference for publicly traded ETFs that include cryptocurrency, while some prefer to trade directly on exchanges. (Bitcoin.com)