JPMorgan Report: 89% of Family Offices Avoid Crypto Assets Like Bitcoin (BTC) and Ethereum (ETH)

A recent survey by JPMorgan Private Bank reveals a stark contrast between market hype and institutional adoption. Despite significant media attention, a overwhelming 89% of family offices currently hold no cryptocurrency or digital assets, including major coins like Bitcoin (BTC) and Ethereum (ETH). The report highlights that these private wealth management firms, which oversee the assets of ultra-high-net-worth families, remain largely skeptical. Key concerns cited include high volatility, regulatory uncertainty, and a lack of intrinsic value. This cautious stance from influential investors suggests that mainstream institutional acceptance of crypto is still in its early stages, with traditional assets dominating family office portfolios.