Opinion
SMSF investors too cautious to catch crypto bug
Just 0.6 per cent of SMSFs held cryptocurrency in 2020 and the sector remains wary. Regulators would like to keep it that way.
John MaroneyContributorSelf-managed super funds have not been immune to the appeal of cryptocurrency as an investment opportunity, and ATO statistics to December 31 show this asset comprised $227 million of SMSF assets.
But SMSFs have hardly been swept away in the excitement crypto has generated in some investors, with $227 million representing just 0.03 per cent of net assets of $840 billion.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Personal finance
Fetching latest articles