The 2024 BNY Mellon Wealth Management Study reveals a stark divide in the views of family offices towards cryptocurrency investments. While approximately 39% of the family offices surveyed are actively investing in cryptocurrencies or considering doing so, an almost equal proportion (38%) expressed disinterest in cryptocurrencies, citing concerns over the high volatility of digital assets and an unclear regulatory environment.

The family offices that are actively investing in cryptocurrencies or considering doing so are motivated by a desire to keep up with the new investment trends and opportunities brought about by digital assets. They see cryptocurrencies as a way to diversify their portfolios and potentially generate higher returns.

On the other hand, the family offices that are not interested in cryptocurrencies are deterred by the high volatility of digital assets and the unclear regulatory environment. They are also concerned about issues such as hacking and cybercrime, which they see as potential risks to their investments.

Among the family offices that are exploring or investing in cryptocurrencies, there is a clear preference for publicly traded ETFs that include cryptocurrencies. These ETFs offer a way to invest in cryptocurrencies without having to directly trade on exchanges, which can be a more complex and risky process.

In conclusion, the 2024 BNY Mellon Wealth Management Study highlights the divergence in views among family offices towards cryptocurrency investments. While some see cryptocurrencies as a way to diversify their portfolios and potentially generate higher returns, others are deterred by the high volatility of digital assets and the unclear regulatory environment. The study underscores the importance of understanding the motivations and concerns of family offices when it comes to investing in cryptocurrencies.