While the declines in Bitcoin (BTC) and altcoins in recent weeks have increased uncertainty in the market, CoinShares announced the results of the survey it conducted with the participation of crypto asset fund managers.
Sharing the survey results from his account
The prominent topics in the survey results are summarized as follows:
“-In our first survey since the approval of spot Bitcoin ETFs in the US, 41% of investors believe Bitcoin has the most compelling growth outlook, keeping Bitcoin at the top spot.
-The proportion of cryptocurrencies in portfolios increased from 1.3% to 3%, the highest weight since the survey began in 2021.
-Unsurprisingly, the biggest contributors to this were allocations from institutional investors who eventually gained exposure to Bitcoin through US ETFs.
-While Ethereum took the second place in portfolios, investors' appetite has decreased since January.
-Investors are increasing their interest in altcoins and are more optimistic about Solana (SOL). “At this point, there is a tremendous increase in SOL purchases.”
While interest in Solana from surveyed institutional investors increased, XRP experienced a significant decline. Because none of the survey participants said that they do not currently hold XRP.
Our Digital Asset Fund Manager Survey has now been published
– In our first survey since the approval of the US spot bitcoin ETFs, bitcoin has retained the top spot, with 41% of investors believing it has the most compelling growth outlook.
– Digital assets weighting in…— James Butterfill (@jbutterfill) April 25, 2024
*This is not investment advice.
