Digital Asset Fund Managers Report Bullish Outlook for Bitcoin Growth

IconCrypto News Terminal25 Apr, 2024

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Digital Asset Fund Managers Report Bullish Outlook for Bitcoin Growth

A substantial majority (41%) of digital asset fund managers surveyed by CoinShares, a European digital asset specialist asset management company, expressed optimism about the growth potential of Bitcoin (BTC). This sentiment was followed by Ethereum (ETH) and Solana (SOL). Notably, the preference for SOL over ETH has increased significantly compared to previous surveys. The survey also revealed a surge in the allocation of digital assets within investment portfolios, rising from 1.3% to 3%. However, regulatory hurdles continue to be cited as a primary reason for the reluctance to invest in digital assets. It's important to note that this survey was conducted among fund managers managing assets worth over $600 billion. Previously on April 25, 2024, a similar survey by CoinShares reported that 41% of digital asset fund managers were bullish on the growth potential of Bitcoin (BTC), followed by Ethereum (ETH) and Solana (SOL).

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