According to JPMorgan Private Bank’s 2026 Global Family Office Report, the majority of global family offices do not hold cryptocurrencies in their portfolios.
As highlighted in the bank’s asset report, despite widespread awareness of geopolitical risks, demand for traditional and emerging hedging remains limited. 72% of family offices globally have no exposure to gold and 89% have no exposure to cryptocurrencies, the report said.
Considering the latest debacle that enveloped the crypto market this past weekend, it is perhaps not surprising that family offices are choosing to rely on other approaches when it comes to hedging their portfolios.
“Despite the headlines and hype surrounding cryptocurrencies and other digital assets, the majority of family offices (89%) remain on the sidelines,” the report states. “This may reflect a debate occurring within JPMorgan as well: What role should cryptocurrencies and other digital assets play in a portfolio, and perhaps more importantly, how much should a portfolio hold given their increased volatility and inconsistent correlation with other assets?”
Looking to the future, around 17% of wealthy households said crypto assets and digital assets are a priority theme in the future. However, this is being dwarfed by AI, with 65% of families saying they plan to invest in AI in the future.
On average, family offices allocate about 75% of their assets to a mix of public stocks and alternative investments, with U.S. large-cap stocks dominating public stocks and drawdown funds leading private stocks, according to the report.
JPMorgan Private Bank interviewed 333 family offices in 30 countries. The average net worth of participants was $1.6 billion.
“This report is more than just research, it is the result of collaboration with some of the world’s most sophisticated family offices,” said Natasha Minit, global co-head of JPMorgan Private Bank’s Family Office Practice.
