More than half of UK financial advisers say the majority of their clients’ crypto holdings are outside their portfolios. CoinShares’ new survey criticizes hard policy, not investor passion or advisor knowledge.
A survey of 261 economists in France, Germany, Italy, Switzerland and the UK found 52% of British advisers say there is a gap of more than 50%. Across Europe, one in four suffer from the same blind spot.
Standard Policy Drives Crypto Blind Spots
This study describes the management gap as an aspect of the client’s digital assets that the consultant cannot see. Savings in your exchange or self-sustaining wallets are not outside of the advisory relationship.
The report consolidates the differences in one factor. 61% of consultants work in companies that restrict digital assets or do not provide internal guidance. In those companies, effective opinions are down to 1%, versus 48% in companies with transparent support.
The difference goes the other way around, from 4% for supportive businesses to 34% for restrictive businesses. CoinShares puts the unregulated exposure at 8.5 times higher in closed-end companies, the basis for the negative risk warning.
The difference in knowledge follows the same line. More than three-thirds of self-proclaimed advisers have little knowledge of the illegal industry. This shows that education is based on strong principles and not backwardness.
The pattern is sharper in the UK, which makes a big difference even at home changes in crypto regulations advance.
“This is not a problem of knowledge. It is not a problem of will. It is a problem of stability-the strategy being the wrong risk,” Jean-Marie Mognetti, CoinShares founder and CEO. he said in the report.
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Mentors Want Access, Not Education
When asked what would boost their confidence, consultants pointed to structural changes. Recognition of managing digital assets as a financial category ranked first at 45%. Access to exchange traded funds (ETPs) followed at 43%.
CoinShares provided the survey via Citywire. The company itself is the issuer of Nasdaq-listed crypto ETPs, access advisors are second.
Customer-facing training materials ranked last at 9%. This division shows that the barrier is established, because there is no awareness or access to things that the counselor can provide on his own. A broad Review of EU crypto regulations now testing how the framework works.
Managing the Ability to Close the Gap
Britain’s position has changed rapidly. The Financial Conduct Authority prohibited the sale of crypto exchange-trade notes in January 2021. They reopened crypto ETN trading in October 2025. The regulator has proposed to allow legal fees to keep up to 10% of the sales.
In the world, the change of Markets in Crypto-Assets (MiCA) ends on July 1. The change creates Europe’s single crypto market for controlled substances. The French financial regulator, AMF, has opened a review of which assets are eligible for UCITS investment. Digital assets still constitute a European market of more than €15 trillion.
Italy offers the opposite. Its advisor-led sales record the lowest difference in the survey at 12%. I am The MiCA July deadline is approachingaction is changing the need to be that managed exposure.
For rich companies, the cost of waiting is rising. An comparison £1 trillion ($1.3 trillion) will be passed on to the UK’s next generation over ten years. Advisors who cannot see a client’s crypto risk losing the account as it changes hands.
Up to 8% are already showing customer interest rates along with many unmanaged customers, a sign customers are not expecting it. The coming year of regime change could decide who keeps that wealth.
A note Almost 50% of UK Financial Advisors Can’t See Their Clients’ Crypto Holdings Information appeared for the first time BeInCrypto.
