Superannuation administration platform Class is seeing a growing interest in cryptocurrency among SMSFs it services as the asset class matures but has confirmed it continues to remain a niche investment for trustees.
“We’re not seeing a flood to crypto but there is an increasing interest for members, and particularly younger members, who will look at that as one of the potential asset classes,” Class chief executive Tim Steele noted.
The “Class 2025 Annual Benchmark Report” found 1.8 per cent of funds on its platform held cryptocurrency during the 2025 financial year, which was down slightly from the 2 per cent of these types of assets recorded in 2023/24.
The analysis indicated members in SMSFs that held crypto were younger Australians with an average age of 49.3 years compared to the average age of 61.7 years across all Class fund clients.
The average market value of direct cryptocurrency investments per SMSF on Class services was $202,286, with most allocations being kept below 40 per cent of total fund assets based on data for the 2024 income year.
“We would be fearful of people going all in to any asset class, particularly if it was a speculative asset class, because we’re concerned about the integrity of the system. And if people are blowing up their super sort of recklessly, then there’s some risk that there might be some sort of regulatory intervention required. So I think we would encourage people, based on their own risk tolerance, to consider a range of asset classes, and crypto could be part of that,” Steele said.
The ATO has been reporting on SMSF investments in cryptocurrency since 2019 with portfolio allocations to this asset class growing from $201 million initially to $3.02 billion in June 2025. This figure represents 0.3 per cent of total SMSF fund assets.
“It’s an area of interest that we have to sort of be conscious of,” Steele acknowledged.
