BNY Mellon's recent report reveals that cryptocurrencies now constitute 5% of family offices' portfolios, showcasing a notable shift in investment strategies.

Despite this allocation, family offices exhibit a split view on the role of cryptocurrencies, with approximately 39% either actively investing in them or considering such investments.

Motivations for exploring digital assets range from staying current with emerging trends to the influence of family office leadership or the next generation.

However, concerns about hacking and cybercrime persist as significant deterrents for some professionals.

Although the SEC's approval of Bitcoin (CRYPTO:BTC) ETFs in January 2024 signaled broader acceptance, regulatory ambiguity remains a primary barrier to cryptocurrency investment, particularly among non-US respondents.