Digital Asset Fund Manager Survey - Apr 23

Allocations to Digital Assets has increased despite regulatory concerns

• Ethereum remains the favoured asset, being little changed from the last survey in January, this is encouraging having endured uncertainty surrounding the Shapella upgrade.

• Digital assets weighting in portfolios have risen from their survey lows to represent 1.7% of portfolios, up from the October survey where they were just 0.7%.

• The increased allocation to digital assets was primarily in Bitcoin, Ethereum and multi-asset (multi-token). This has come at the expense of altcoins such as Polkadot and Cardano.

• When asked if the US Federal Reserve has made a policy error. The response was overwhelmingly (62%) yes, with only 15% saying no.