Digital Asset Fund Manager Survey - Jul 23

Bitcoin swings back into favour amongst investor while regulation remains the key risk

• Investors believe that Bitcoin has the most compelling growth outlook, with 43% of respondents with this view. This has come primarily at the expense of Ethereum.

• Ethereum, despite poorer sentiment this survey, remains the largest position in investor’s portfolios.

• 10% of investors are venturing out into “other” altcoins, which has increased from last month, including liquid staking derivatives and Layer 2 solutions.

• The key risks for investors remain regulation and the potential for a government ban, this is hardly surprising given the recent sabre rattling from the US SEC.