The vast majority of global family offices do not hold cryptocurrency in their portfolios, according to JPMorgan Private Bank’s 2026 Global Family Office Report.
Despite the pervasive sense of geopolitical risks, highlighted in the bank’s wealth report, the appetite for traditional and emerging hedges remains limited: 72% of global family offices have no exposure to gold, and 89% have no exposure to cryptocurrencies, the report said.
In light of the latest bloodbath that enveloped crypto markets this past weekend, it is perhaps unsurprising that family offices are choosing to rely on other approaches to hedging their portfolios.
“Despite the headlines and hype around crypto and other digital assets, the vast majority of family offices (89%) are staying away,” the report said. “This could reflect a debate we also have within JPMorgan: what role should cryptocurrencies and other digital assets play in a portfolio and, perhaps more importantly, how much should a portfolio hold, given their high volatility and inconsistent correlation with other assets?
Looking ahead, around 17% of wealthy families said crypto and digital assets were a theme they would prioritize in the future. But that was overshadowed by AI, which 65% of families said they planned to invest in in the future.
On average, family offices allocate about 75% of their assets to a mix of public equities and alternative investments, with large-cap U.S. stocks dominating public holdings and drawdown funds dominating private investments, according to the report.
JPMorgan Private Bank surveyed 333 family offices in 30 countries; $1.6 billion represented the average net worth of participants.
“This report is more than a survey, it is the result of our collaboration with some of the most sophisticated family offices in the world,” said Natacha Minnit, global co-head of the Family Office practice at JPMorgan Private Bank.
