UK financial advisers blind to majority of client crypto holdings

The report, which polled 261 wealth management professionals across Europe, highlights a stark contrast in the United Kingdom. While only 25% of advisers across France, Germany, Italy, and Switzerland struggle to see client crypto assets, the figure for the UK reaches 52%. CoinShares found that 61% of these professionals work at firms that either explicitly restrict digital assets or lack any clear internal policy for managing them.

CEO Jean-Marie Mognetti identifies this as a "wrong-way risk," arguing that advisers are expected to manage portfolios while being barred from viewing a growing slice of their clients' capital. According to Mognetti, this is not a failure of adviser knowledge or client demand, but a systemic policy barrier that prevents professionals from properly allocating investments or assessing risk. With the UK’s Financial Conduct Authority reporting that 8% of adults now hold digital assets, the gap between actual ownership and professional oversight continues to widen.