Core Insights - Financial advisors are increasingly allocating to crypto, reaching the highest levels ever recorded, indicating a significant shift in their perception of digital assets [2][5] - The survey reveals that 32% of advisors allocated to crypto in client accounts over the past year, up from 22% in 2024, marking an all-time high [5] - 56% of advisors now personally own crypto, the highest level since the survey began in 2018, reflecting growing confidence in the asset class [5] Allocation Trends - Among client portfolios with crypto exposure, 64% now allocate more than 2% to crypto, a sharp increase from 51% last year, suggesting a trend towards treating crypto as a core portfolio asset [5][6] - 42% of advisors reported having institutional access to buy crypto for clients, up from 35% in 2024 and just 19% in 2023, indicating improved access is driving adoption [5][6] Investment Themes - Advisors are particularly excited about stablecoins and tokenization, leading interest at 30%, followed by "digital gold / fiat debasement" at 22% and crypto-linked AI investments at 19%, showcasing the evolving narratives around crypto [5][6]