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John Maroney

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 MaroneyContributor

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Self-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.

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John Maroney is CEO of the SMSF Association.

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    Original URL: https://www.afr.com/wealth/personal-finance/smsf-investors-too-cautious-to-catch-crypto-bug-20220317-p5a5i5