A survey of fund managers conducted by digital asset management company CoinShares in April this year showed that Bitcoin remains the first choice for investors, with 41% of respondents believing that Bitcoin has the most attractive growth prospects.

The investigation follows the approval of a U.S. Bitcoin spot ETF. Ethereum ranks second among investors’ favorites, but has weakened compared to previous surveys. While investors became more optimistic about Solana, other assets were little changed.

Source: CoinShares

Although Bitcoin and Ethereum are still the most optimistic assets among the most surveyed investors, accounting for 72% of the total, the survey on the respondents’ investment targets shows that investors have been expanding their interest in altcoins. Investments, with allocations to Solana increasing significantly and XRP declining significantly. The "other" assets in the options have one thing in common, that is, they are mainly related to decentralized finance (DeFi).

Source: CoinShares Allocation to Digital Assets Increases

CoinShares also noted that the weight of digital assets in institutional portfolios has increased again, from 1.3% to 3%, which is the highest weight since the survey began in 2021. The previous highest weight in history was in the November 2021 survey. 1.7% of the statistics. CoinShares said:

“Unsurprisingly, some of the largest contributors have been allocations from institutional investors, who are finally able to gain exposure to Bitcoin through U.S. ETFs.”

Source: CoinShares

CoinShares’ findings show that the main reason investors increase the weight of digital assets in their portfolios is for exposure to decentralized ledger technology. Additionally, despite gains in digital assets since January, more and more investors believe digital assets represent good value. Customer demand factors have also increased.

Source: CoinShares

Among those surveyed without digital assets in their portfolios, regulatory issues and company restrictions were the main reasons they had not yet allocated. CoinShares said:

"We had expected this number to decline, but it is clear from the survey that certain groups of investors continue to face significant barriers to entering the asset class - these are typically investors in the wealth management or institutional space."

This article CoinShares Fund Manager Survey: The proportion of digital assets in investment portfolios increases, and Bitcoin remains the first choice. First appeared on Zombit.