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Investor Love of Crypto May Push Reluctant FAs to Embrace It  

Many financial advisors have kept crypto at arm’s length, but investor demand may push reluctant FAs to work with the assets, according to a new Cerulli report. So reports CNBC.

cryptocurrency 3409725 640smallAlmost half (45%) of FAs expect to use crypto in the future due to client requests, according to the report. Currently, only 7% are using cypto because they recommended it, while another 10% are using crypto because clients asked for it.

Senior Cerulli analyst Matt Apkarian said that if “advisors aren’t including [crypto] or at least having some sort of stance on it, then they’re placing themselves at a disadvantage and could potentially lose clients over it.”

Read the full article from CNBC.

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