A quarter of financial advisors have crypto in their clients' portfolios - while 35% say they will be buying in the future, Credit Suisse survey finds

• A Credit Suisse survey found that 25% of financial advisors have digital assets in clients' portfolios.
• Additionally, 35% indicated that they will be including allocations to digital assets "in the future."
• The survey comes as the cryptocurrency sector faces a harsh sell-off.

A small survey from Credit Suisse found that 25% of financial advisors have digital assets, including cryptocurrencies, in their clients' portfolios. Meanwhile, 35% indicated that they will be including allocations to digital assets "in the future."

The firm surveyed 40 financial advisors from RIAs, independent broker dealers, insurers, and banks for the Credit Suisse Retail Broker Survey for the second quarter. The results were published Tuesday.

The willingness from financial advisors to allocate crypto in client portfolios comes amid a brutal cryptocurrency sell-off. On Tuesday, bitcoin plunged below $30,000 for the first time since January. The world's largest cryptocurrency has pulled back 54% from it's all-time-high, and has nearly erased all of its year-to-date gains.

Other cryptocurrencies tend to move in tandem with bitcoin. Ether dropped 14% on Tuesday to a 24-hour low of $1,732.85, Ripple's XRP dropped nearly 25%, and dogecoin has fallen 47% in the last seven days.

However, financial advisors don't seem to be entirely shying away from digital assets. Credit Suisse found that a number of advisors would be interested in gaining cryptocurrency exposure through an exchange-traded fund.

40% of advisors would prefer crypto exposure via an ETF over directly investing, while 33% of advisors would prefer to invest in digital assets/cryptocurrency ETFs prior to making direct investments into digital assets.

Last week, the SEC delayed a decision to approve a bitcoin ETF from VanEck for a second time, citing concerns over potential for manipulation in the cryptocurrency market.

The SEC first delayed its decision on the asset manager's bitcoin ETF in late April, pushing its ruling back until June. But the SEC said in a filing last Wednesday it would take more time to consult with the public.