Hunter Horsley: More financial advisors are entering the crypto market

The CEO of the index fund Bitwise Asset Management believes that despite the falling market, commercial banks and brokers have appeared among novice crypto investors.

Hunter Horsley, speaking on the Real Vision podcast, said that during the second phase of the bearish trend, the company sees many new types of investors in the market. Apart from thousands of large investors, about a thousand independent consulting firms, tens of thousands of public shareholders trading in securities.

“More recently, a truly exciting development has taken place: over the past nine months, seven private banks and brokers have placed crypto products on crypto platforms so that their clients can access digital assets. They have connected tens of thousands of financial advisers to work and invested assets worth $ 2 trillion, ”the businessman said.

Horsley added that the number of institutional advisors working with cryptocurrencies is growing rapidly. In 2020, 6% of financial advisers said they advise clients to invest in cryptocurrencies. In 2021, the growth was 9%, and now it is already 50% compared to last year. In 2022, the number of financial advisors offering cryptocurrencies to clients could grow from 16% to 70%, the head of Bitwise Asset admires:

“If the trend continues, then by 2024 half of all financial advisers will be involved. This is a wave. A wave that is gaining momentum.

Bitwise launched its first crypto index fund in 2017. The company now offers clients 14 crypto funds, access to more than 30 different crypto assets, and 10 NFT collections with $1.3 billion in assets.

Recall that in April, the Nasdaq stock exchange reported that half of financial experts invest clients’ money in bitcoin futures ETFs.