Institutional Investors Believe One Crypto Asset Has the Most Compelling Growth Outlook in 2023: CoinShares

According to digital asset manager CoinShares, most institutional investors believe one crypto-asset has the potential to grow the most this year.

In the latest Digital Asset Quarterly Fund Manager Survey, CoinShares To tell Smart contract platform Ethereum (ethereum).

“Ethereum has seen a dramatic rise in investor sentiment, with 60% of survey respondents believing it has the most compelling growth prospects.”

Source: CoinShares/Twitter

Only about 30% of those surveyed use Bitcoin (Bitcoin) had the most attractive growth prospects.

The survey is based on 43 responses from investors covering $390 billion in assets under management.

Since the October 2022 survey, the sentiment behind Ethereum has jumped significantly, with only 40% of those surveyed believing ETH had the most compelling growth prospects.

coinshares To tell After experiencing a $401 million outflow in 2022, Ethereum may be headed for a “resurrection” this year.

Research shows that investors are primarily Invest With Bitcoin and Ethereum last quarter, “altcoin competitors may have fallen victim to Ethereum.”

“Actions speak louder than words, so it’s worth noting the investments respondents have made in the last quarter. Bitcoin and Ethereum have cemented their leading positions against other coins.”

Source: CoinShares/Twitter

Investors are also less concerned about an outright ban on cryptocurrencies since the last survey.

“Regulatory concerns are growing, but few expect political blockages or government bans. suggesting.”

Source: CoinShares/Twitter

At the time of writing, Ethereum is trading at $1,595.

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