Crypto for Advisors: beneath the crypto surface

Despite a stalled crypto market, advisors are quietly building more durable crypto allocations for clients, moving beyond Bitcoin's role as a macro asset. They are increasingly comfortable with this asset class and are seeking exposure to the blockchain growth story, including tokenization and layer-one infrastructure. The recommended core holdings are Bitcoin (BTC) for its macro asset function, and Ethereum (ETH) and Solana (SOL) as competing layer-one platforms for blockchain growth. These assets, particularly ETH and SOL, offer yield through staking. The GSR Crypto Core3 ETF (BESO) is highlighted as a product that packages these core assets with staking rewards and active rebalancing. In the "Ask an Expert" section, Patrick Velleman of Valdora explains that digital asset investing differs from traditional assets due to 24/7 price discovery, transparency on the blockchain, and the necessity of self-custody. He also notes that the focus has shifted from high yields to the durability of returns, with automated vaults becoming popular for their ability to keep capital in the market with less manual intervention and offering liquidity. An advisor's value-add is shifting from picking winners to curating risk profiles by vetting available strategies and matching them to client risk appetites.

(Source：CoinDesk)