CoinShares Study: Investors Think Ethereum Will Outperform Bitcoin
According to new poll conducted by CoinShares, a digital asset investment firm, nearly half of investors think that Ethereum (ETH) has the highest upside potential right now – even more than Bitcoin (BTC).
The survey found that 42% of investors view Ethereum (ETH) as the best crypto asset based on potential growth, beating Bitcoin by 24 percentage points.
ETH/USD 1-year chart Source: CoinMarketCap
Year-to-date, Ethereum’s market share of crypto assets under management has grown by 15 percentage points, according to CoinShares.
“42% of investors see Ethereum as having the most compelling growth outlook and by a significant margin, outstripping Bitcoin at 18%.
This mirrors the growth in assets under management (AuM) we have seen in Ethereum, where market share of investment products has risen from 11% at the beginning of the year to 26% today.”
The study found that after Bitcoin, investors are most bullish on Cardano (ADA), Polkadot (DOT), Solana (SOL), Terra (LUNA), Radix (XRD), and XRP (XRP).
35% of investors see their investments into digital assets as predominantly a speculative one. Although, 25% see it as a diversification tool, according to the survey.
Regulatory uncertainty, especially government bans, is one of the major reasons that prevents investors from putting their money into crypto assets.
“Of the survey respondents who said they had not invested, regulation (21%) was cited as the main reason for not investing. Closely linked to this were corporate restrictions at 19%.
Politics, government bans, and regulation make up 58% of the perceived key risks for digital assets.”
Despite growing interest from institutional investors, individual investors still dominate the cryptocurrency market. 45% of investors said they were invested in the market individually. While Europe and the Middle East possess the largest amount of domiciled funds, with about 70% saying their funds were domiciled in the region.
