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Bank of New York Mellon: 39% of family offices are investing in or exploring cryptocurrencies

The BNY Mellon Wealth Management 2024 study reveals that family offices are divided in their views on cryptocurrency investments. Some 39% of the family offices surveyed are actively investing in or considering investing in cryptocurrencies, underscoring their strong interest in this modern asset class. These family offices are motivated by a desire to keep up with the new investment trends and opportunities that digital assets present. Conversely, the same percentage (38%) expressed no interest in cryptocurrencies due to concerns about the high volatility of digital assets and unclear regulatory environments. Issues such as hacking and cybercrime further discourage these family offices from participating in cryptocurrencies. Among those exploring or investing in cryptocurrencies, there is a clear preference for public market ETFs that include cryptocurrencies, while some prefer to trade directly on exchanges.