Despite the surge in crypto prices, financial advisors continue to hesitate to recommend investments in cryptocurrency.

• Crypto has soared since the November election.
• A July survey revealed that 59% of financial advisors are not using cryptocurrency and have no plans to do so in the future.
• Whether to include crypto investments in your portfolio depends on your risk tolerance, financial goals, and time horizon, as most financial advisors agree.

Since the November U.S. election, digital assets have surged, with bitcoin reaching a new high of over $107,000 on Monday. President-elect Donald Trump's pro-cryptocurrency policy plans have further boosted their value.

Still, many financial advisors remain wary.

"Marianela Collado, CEO of Tobias Financial Advisors in Plantation, Florida, stated that as traditional long-term planners, they do not include crypto in their portfolio allocations. She is also a certified public accountant. She advises clients to put in crypto only what they are comfortable losing and not necessarily needing for retirement."

Financial advisors are concerned about regulatory uncertainty when recommending crypto investments to clients.

In April, a survey of 2,000 financial advisors by Cerulli Associates revealed that 59% do not currently use or plan to use cryptocurrencies in the future, while 26% expect to use it in the future but do not currently use it.

According to the Cerulli report, only about 12% of advisors use cryptocurrencies based on clients' requests, while less than 3% use crypto based on their own recommendations.

ETFs an 'easy solution' to add crypto

CFP Ashton Lawrence at Mariner Wealth Advisors in Greenville, South Carolina, recommends exchange-traded funds to clients who are interested in crypto.

"Depending on the client's goals and comfort level in this market, ETFs may be the best option if they're seeking an easy solution."

Bitcoin ETFs, introduced in January, currently manage over $100 billion in assets, which is approximately 1% of the entire ETF market.

Invesco's global head of ETFs, Brian Hartigan, stated on CNBC's "Halftime Report" on Dec. 9 that Bitcoin ETFs are now the preferred method for holding bitcoin.

Lawrence advises clients to restrict their crypto allocation to between 1% and 5% of their total portfolio.

Whether to include crypto investments in your portfolio depends on your risk tolerance, financial objectives, and investment timeframe, according to most financial advisors.