CoinShares Survey: 1 in 4 European Advisers Cannot See Most Client Crypto Holdings

The Silent Portfolio: A Quarter of European Wealth Managers Cannot See the Majority of Their Clients' Digital Assets

CoinShares (Nasdaq: CSHR) released a 2026 survey of 261 European wealth advisers across five markets, highlighting a large digital asset “management gap.” 25% of advisers, and 52% in the UK, cannot see most client crypto holdings, largely due to restrictive or unclear firm policies.

According to CoinShares, 61% of advisers work in “blocked firms” that limit or fail to guide crypto engagement, driving unmanaged client exposure. Advisers cite regulatory recognition (45%) and access to crypto ETPs (43%) as the main catalysts that would increase their confidence to recommend digital assets.

Loading...

Loading translation...

AI-generated analysis. Not financial advice.

None.

None.

High management gap advisers: 25% of advisers

2026 CoinShares survey across five European markets

Report a management gap above 50% of clients’ digital assets

UK advisers with management gap above 50% of client crypto exposure

Work at firms that restrict or give no guidance on digital assets

Active recommendation share falls from supportive to restrictive policy firms

Cite regulatory recognition as top confidence booster to recommend crypto

View access to crypto ETPs as key to recommending digital assets

Approximate size of Europe’s regulated retail fund market mentioned

CSHR showed a price move with no peers flagged in the momentum scanner, suggesti...

CSHR showed a price move with no peers flagged in the momentum scanner, suggesting the setup is stock-specific rather than part of a broader Financial Services or Capital Markets rotation.

5 past events · Latest: Jun 24 (Positive)

Finimize Awards 2026 named CoinShares Best Crypto Investment Product.

Inclusion in inaugural Fortune Crypto 100 for digital asset leadership.

CEO participation in Piper Sandler Global Exchange & Fintech Conference panel.

CEO speaking at Jefferies Digital Assets Investor Conference on infrastructure.

Launch of five crypto ETPs for French retail via Bourse Direct platform.

Recent positive visibility and distribution news has often been met with mixed-to-negative next-day price reactions, indicating frequent divergence between headlines and trading.

Reported short interest appears relatively low, suggesting limited short-squeeze potential but also a modest contribution to day-to-day share price volatility.

This announcement highlights a sizeable visibility gap in European advisers’ crypto exposure, potent...

This announcement highlights a sizeable visibility gap in European advisers’ crypto exposure, potentially underscoring long-term demand for regulated ETP solutions. With low reported short interest near 1.55% , key watchpoints are regulatory roll-out and execution on adviser adoption.

"access to exchange-traded products (ETPs) (43%). Together they account"

ETPs are investment products that trade on stock exchanges like individual shares but represent exposure to a basket of assets, a commodity, a market index, or a debt note. They matter to investors because they offer easy, intraday access to diverse markets or specific themes—like buying a single slice of a larger pie—while carrying costs and risks (including tracking error and, for some types, issuer credit risk) that can affect returns.

"The MiCA transition closes on 1 July 2026, establishing a single"

Mica is a naturally occurring group of minerals that split into thin, shiny sheets and is used as an insulating material and filler in products such as electronics, cosmetics, paints and construction materials. Investors care because mica is a key input whose supply, quality and price affect manufacturing costs and product performance, and because its mining and sourcing carry environmental and ethical risks that can impact company reputations and valuations—like a single critical ingredient changing a recipe’s outcome.

"the AMF has opened a review of which assets may qualify for UCITS funds"

UCITS is a European regulatory standard for pooled investment funds that sets common rules on how they are run, what they can invest in, and how they protect individual investors. Think of it like a certified recipe and passport for retail funds: it assures basic safeguards such as diversification, liquidity and clear reporting, which helps investors compare options, reduces risk of surprise practices, and makes funds easier to buy across borders.

"clients act alone, on exchanges and self-custody platforms their adviser has"

Self-custody means an investor holds and controls their own financial assets—such as stocks, bonds, or digital tokens—rather than leaving them with a broker, bank, or other third party. It matters because it gives the owner full control and direct access (like keeping cash in a personal safe instead of a bank vault), but also shifts all responsibility for security, backups, and recovery to the individual, affecting risk and liquidity.

AI-generated analysis. Not financial advice.

See more from StockTitan in Google Search and AI answers.

Adds StockTitan as a preferred source · opens Google

New CoinShares survey of 261 advisers across five markets finds that firm policy, not knowledge or client demand, determines whether crypto exposure is managed, or invisible

JERSEY, Channel Islands — June 25 2026 — CoinShares PLC (Nasdaq: CSHR ) ("CoinShares" or the "Company"), a leading global asset manager specialising in digital assets, today published the findings of a 2026 survey of 261 European wealth management professionals, conducted through Citywire Engage. The survey covers five markets: France, Germany, Italy, Switzerland and the United Kingdom, and reaches a single, structural conclusion: clients are already invested in digital assets, and for a large share of advisers, the majority of that exposure sits entirely outside their view.

The survey calls this the management gap: the share of a client's digital asset exposure that sits outside the adviser's oversight, unmonitored and invisible to the advisory relationship. One in four European advisers ( 25% ) report a management gap above 50% : meaning the larger part of what their clients hold in digital assets is invisible to the person paid to manage it. In the United Kingdom, that figure reaches 52% .

This is not a forecast about future demand. It describes what already sits inside client portfolios today.

The conversation closes the gap; its absence widens it

The pattern holds without exception across all five adviser postures and all five markets: the less an adviser engages, the larger the gap. Among advisers who actively recommend digital assets, almost one in ten report a management gap above 50% , i.e. more than half of what the client holds in crypto is invisible to the adviser. Among advisers who feel insufficiently informed to advise, it is two in five: more than four times higher. Where the conversation happens, exposure converts into managed allocation. Where it cannot, clients act alone, on exchanges and self-custody platforms their adviser has never seen.

Eight percent of all advisers surveyed describe the problem in its most acute form: they report rising client interest and unmanaged exposure above 50% at the same time. These clients are already invested, outside the adviser's sight, and their positions are growing.

Firm policy is the cause, not knowledge, not appetite

The survey's central finding is that the management gap has one primary driver: firm policy. Sixty-one percent of advisers work in firms that either explicitly restrict digital assets or provide no clear internal guidance , what the report calls "blocked firms." This single variable shapes everything that follows.

Across the four policy levels measured, active recommendation falls from 48% in firms with clear support to 1% in firms that explicitly restrict. The management gap moves in the opposite direction over the same range: from 4% to 34% .