European Wealth Advisers Struggle to Track Client Crypto Holdings, CoinShares Says

Highlights:

• A CoinShares survey reveals 25% of European wealth advisers cannot see most client crypto holdings.
• About 61% of advisers work at firms that block or restrict crypto discussions with clients.
• Advisers say clearer crypto regulations and better access to exchange-traded products could close this gap.

A new survey from CoinShares shows a major blind spot in European wealth management. On Thursday, the digital asset firm shared findings showing that one in four wealth advisers across Europe cannot see more than half of their clients’ cryptocurrency holdings. CoinShares calls this invisible part of client portfolios the “management gap.” It means advisers may be making financial decisions without seeing a full picture of their clients’ investments.

The study covered 261 wealth management professionals in France, Germany, Italy, Switzerland, and the United Kingdom. According to the survey, 25% of advisers said their management gap is above 50%. In the United Kingdom, the problem is even larger, with 52% of advisers unable to monitor the majority of their clients’ digital assets.

THE BLOCK: A CoinShares survey found over half of UK wealth advisors say most clients' crypto sits outside their oversight.

Across Europe, the figure is one in four. CoinShares, which sells regulated crypto products to advisors, commissioned the survey. pic.twitter.com/HUFEY5R8ft… pic.twitter.com/QUX1SjfAiP

— TREK (@trek_official) June 25, 2026

Company Policies Keep Advisers Away From Client Crypto

CoinShares said company rules are the main reason behind this problem. Many advisers cannot properly discuss crypto with clients because their firms either restrict digital assets or do not have clear rules for them. The survey found that 61% of advisers work in such firms. CoinShares calls them “blocked firms.”

The gap between supportive and blocked firms is clear. In firms that allow crypto engagement, 48% of advisers recommend digital asset products. In blocked firms, only 1% do so. The same pattern appears in portfolio visibility. At supportive firms, only 4% of advisers said they cannot see more than half of their clients’ crypto holdings. In blocked firms, that figure rises to 34%.

CoinShares said advisers at supportive firms are in a better position to guide clients on digital assets. They also have a clearer view of what clients already hold. The survey suggests that client interest in crypto is already there, but advisers need clear firm rules before they can help clients properly.

CoinShares CEO Says Advisers Need Clearer Rules and Better Crypto Access

Jean-Marie Mognetti, Co-Founder and CEO of CoinShares, addressed the findings directly. “The data is uncomfortable, so let us state it plainly. Across Europe, one in four wealth managers cannot see the majority of their clients’ digital assets. In the UK, it is more than one in two,” he said. “The capital has already been allocated. The people entrusted with managing it simply cannot see it, and in most cases, not because clients are unwilling to engage, but because firm policy prevents them from doing so.”

The report also points to two things that could help close the gap. First, 45% of advisers said clearer regulatory recognition would make them more confident about digital assets. Another 43% said better access to exchange-traded products, or ETPs, would also help. ETPs are regulated investment products that track digital assets. They give traditional finance professionals a more familiar way to offer crypto exposure and manage it within a clearer structure.

The report comes amid increasingly transparent European regulations on digital assets. CoinShares highlighted the transition period of MiCA that will end on July 1st. MiCA’s purpose is to create a single European law on crypto markets. Overall, the survey indicates that a significant portion of clients are already digital asset holders. Many advisers, however, still can’t manage and track those holdings properly despite the rules, limited product access, and lack of clarity in guidance.