ETF Institute’s Nate Geraci: BofA Survey Finds Near-Zero Crypto Exposure Among Fund Managers

Key PointsBank of America’s global fund manager survey shows most respondents have no cryptocurrency exposure.Among the minority with exposure, the average allocation is only 3.2%.Insight shared by Nate Geraci, co-founder of The ETF Institute, on Aug. 17 via X.According to TechFlow, Nate Geraci noted that the latest BofA Global Fund Manager Survey highlights a striking lack of cryptocurrency adoption in traditional portfolios. Despite the growth of institutional crypto products, the majority of global fund managers reported “zero” exposure to digital assets.For the small subset of managers who do allocate, crypto holdings averaged just 3.2% of portfolios—a signal that institutional positioning in BTC, ETH, and related assets remains cautious and marginal.Institutional crypto adoption is still in its infancy, with exposure concentrated among a few managers and at low weights.