The vast majority of global family offices do not have cryptocurrency in their portfolios, according to JPMorgan Private Bank’s 2026 Global Family Office Report.
Despite the widespread sense of geopolitical risks highlighted in the bank’s wealth report, appetite for traditional and new hedging remains limited: 72% of global family offices have no gold exposure and 89% have no exposure to cryptocurrencies, the report said.
In light of the recent carnage that enveloped the crypto markets 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 crypto and other digital assets, the vast majority of family offices (89%) remain on the sidelines,” the report said. “This could reflect a debate that we also have at JPMorgan: What role should cryptocurrency and other digital assets play in a portfolio, and perhaps more importantly, how much should a portfolio own, given their elevated volatility and inconsistent correlation with other assets?”
Looking ahead, about 17% of wealthy families said crypto and digital assets were a theme they would prioritize in the future. But this was compounded by AI, which 65% of families said they planned to invest in going forward.
On average, family offices allocate approximately 75% of assets to a combination of public stocks and alternative investments, with U.S. large-cap stocks dominating public holdings and drawdown funds leading private ones, according to the report.
JPMorgan Private Bank interviewed 333 family offices in 30 countries; $1.6 billion was the average net worth of participants.
“This report is more than a study, it is the result of our collaboration with some of the world’s most sophisticated family offices,” said Natacha Minnit, Global Co-Head of the Family Office Practice at JPMorgan Private Bank.
