US Financial Advisers Show Increased Crypto Interest Post Trump’s Election Win: Bitwise Survey

A recent survey by Bitwise reveals a surge in crypto interest among U.S.-based financial advisers following Donald Trump’s presidential election victory.

Conducted between November 14 and December 20, the survey polled 430 advisers, with 56% indicating they are more likely to invest in cryptocurrencies this year due to the election results on November 5.

The crypto community anticipates Trump fostering a more crypto-friendly environment.

Interest in Crypto Increases Following Trump Win

Among advisers already exposed to crypto, 99% plan to either maintain or increase their investments this year.

Additionally, a majority reported growing curiosity among clients about cryptocurrencies over the past year.

Bitwise Chief Investment Officer Matt Hougan noted, “Advisors are awakening to crypto’s potential like never before and allocating like never before.”

Notably, 71% of advisers observed that their clients independently invest in crypto.

Bitwise highlighted this as a significant business opportunity, encouraging advisers to help clients incorporate digital assets into broader wealth management strategies.

Despite this enthusiasm, accessibility remains a challenge. Only 35% of advisers reported having the ability to purchase crypto within client accounts.

Meanwhile, Bitcoin has experienced heightened market volatility. After briefly crossing the $100,000 mark on January 7, the price dropped to $92,500 the following day.

CRYPTO EMERGED AS A STRONG WINNER IN THE 2024 U.S. ELECTIONS

56% of advisors said they were more likely to invest in crypto this year as a result of the 2024 election.

— Bitwise (@BitwiseInvest) January 9, 2025

On-chain data from CryptoQuant revealed that Bitcoin reserves held by U.S. entities have surged, reaching an all-time high as of January 9.

Reserves held by U.S.-based entities are now 65% higher than those held offshore, reflecting growing domestic interest in the leading cryptocurrency.

For much of 2023, when Bitcoin traded below $30,000, non-U.S. entities held more Bitcoin than their U.S. counterparts.

The dramatic shift coincides with Donald Trump’s pro-crypto presidential re-election, which brought renewed optimism to the market.

His administration’s plans to create a national strategic Bitcoin reserve contributed to Bitcoin’s meteoric rise, pushing its price to a record high of $108,135.

The announcement also spurred activity in spot Bitcoin ETFs, leading to weekly inflows worth billions of dollars.

US Spot Bitcoin ETFs See Over $35B in Inflows in 2024

As reported, spot Bitcoin ETFs in the United States recorded a remarkable $35.66 billion in net inflows in 2024, significantly exceeding early industry projections.

BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the market with $37.31 billion in inflows, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $11.84 billion, and ARK’s 21Shares Bitcoin ETF (ARKB) with $2.49 billion.

Other significant contributors included the Bitwise Bitcoin ETF (BITB), which reported $2.19 billion in inflows.

These figures far surpassed Galaxy Digital’s initial $14 billion first-year estimate.

However, Bitcoin ETFs faced a slight downturn toward the year’s end, with $1.33 billion in outflows since Dec. 19.

On the Ether ETF front, BlackRock’s iShares Ethereum Trust ETF (ETHA) and Fidelity Ethereum Fund (FETH) led inflows with $3.52 billion and $1.56 billion, respectively.

Grayscale’s low-fee Ethereum Mini Trust ETF (ETH) secured $608.1 million in inflows, while the Bitwise Ethereum ETF (ETHW) crossed $400 million.