Digital Asset Fund Manager Survey

Investors reduce weighting in Bitcoin in favour of Ethereum and multi-asset

• Bitcoin and Ethereum continue to dominate positioning in investor portfolios, with 79% of survey respondents choosing one or the other.

• Digital asset weighting in portfolios have fallen to their lowest level since the survey began (Sept 2021) to just 0.2% of assets under management.

• Investors have recently reduced their weighting in Bitcoin in favour of Ethereum and multi-asset investment products.

• Client demand has dropped significantly, while diversification and good value as reasons to add to a portfolio have fallen too, implying investors may have capitulated.