According to Odaily, the 2024 BNY Mellon Wealth Management Study reveals a divergence in the views of family offices towards cryptocurrency investments. Approximately 39% of the family offices surveyed are actively investing in cryptocurrencies or considering doing so, highlighting their keen interest in this modern asset class. The motivation behind these family offices is to keep up with the new investment trends and opportunities brought about by digital assets.
On the contrary, an almost equal proportion (38%) expressed disinterest in cryptocurrencies, citing concerns over the high volatility of digital assets and an unclear regulatory environment. Issues such as hacking and cybercrime further deter these family offices from participating in cryptocurrencies. Among those exploring or investing in cryptocurrencies, there is a clear preference for publicly traded ETFs that include cryptocurrencies, while some prefer to trade directly on exchanges.