About 60% of investors believe that Ethereum (ETH) has a more compelling growth outlook, according to a survey by CoinShares.
Unlike 60% on the ETH side, only 30% of respondents said that Bitcoin (BTC) had the most compelling growth outlook, according to CoinShares poll.
The survey included 43 investors who managed a total of $390 billion in assets. Among the participants, those who identified as Wealth Managers (25%) and Family Office (25%) represented half of the group. Another 22% and 17% identified themselves as Hedge Fund and Institutional, respectively.
Changes from one year to another
It can be seen that a large part of the investors switched to ETH from BTC by comparing the latest results with the results of 2022.
The blue columns in the chart below represent the latest results, while the red marks show last year’s survey results.
Just 40% of respondents said ETH had more compelling growth potential, while just under 40% chose BTC in the 2022 survey. Within a year, investors opting for ETH skyrocketed to 60%. , while those who voted for BTC fell to 30%.
Although investors distanced themselves from BTC, this year’s results show an increase in the number of investors investing in it. 30% of participants own BTC, marking an increase from 24% in 2022, according to CoinShares.
Digital assets in portfolios
The latest figures indicated that digital assets accounted for 1.1% of portfolios, marking a significant increase from 0.7% last year.
Hedge funds, especially, have sharply increased their investments in digital assets, CoinShares data revealed. Meanwhile, institutional investors reduced their digital assets below 1%.
