Fund Managers See Ethereum as the Digital Asset with the Most Growth Potential
A recent survey conducted by CoinShares reveals that fund managers consider ether to have the most compelling growth outlook among digital assets. When asked about their opinions on which digital asset has the most potential, nearly 45% of respondents chose ether, while around 39% favored bitcoin. Additionally, a small but notable 6% of participating fund managers expressed a preference for Solana.
CoinShares analysts stated in their survey report that “Ethereum is seen to be the digital asset with the most compelling growth outlook.” They supported this claim by highlighting the high demand for its yield, evident in the recent large validator entry queue.
However, despite this positive sentiment, CoinShares’ latest fund flows report contradicts it. The report states that ether-based funds have experienced net outflows of over $10 million in the past month and $125 million year-to-date, making ether the most unloved altcoin.
Bitcoin Remains Stable in Terms of Outlook
The survey report also mentioned that bitcoin’s outlook remains unchanged among the participants. Bitcoin and ether continue to be the two largest holdings in fund manager portfolios. Despite an overall decline in digital assets, there has been a slight increase in allocations to bitcoin.
Hot Take: Ethereum’s Growth Potential Outweighs Recent Fund Outflows
The CoinShares survey reveals that despite recent net outflows from ether-based funds, fund managers still believe in the growth potential of Ethereum. This shows that they are optimistic about its future performance and are willing to overlook short-term fluctuations. The high demand for Ethereum’s yield and its position as one of the largest holdings in fund manager portfolios further strengthen this sentiment. As Ethereum continues to evolve and attract more users and developers, it is likely to regain investor confidence and see significant growth in the long run.
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