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A recent survey conducted by CoinShares revealed a significant shift in institutional investor preferences, with Solana (SOL) seeing a substantial increase in its allocations. The Digital Asset Fund Manager Survey, conducted among 64 investors managing a total of $600 billion in assets, highlights the growing interest in altcoins, particularly Solana.
James Butterfill, head of research at CoinShares, highlighted investors' growing exposure to altcoins, saying:
“Investors have been expanding their exposure to altcoins, with Solana seeing a dramatic increase in allocations.”
The survey found that nearly 15% of participants now hold investments in SOL, a notable increase from previous surveys, including January results, which showed no institutional investments in Solana.
As Bitcoin and Ethereum continue to dominate the market, with over 25% and just under 25% of respondents investing in these assets respectively, investor sentiment appears to be changing.
Bitcoin remains the favorite asset, with 41% of investors optimistic about its growth prospects, although a slight decline from previous surveys. Ethereum, on the other hand, has seen a decline in investor confidence, with around 30% of respondents optimistic about its future, down from 35%.
In contrast, Solana is gaining ground among investors, with about 14% of respondents expressing optimism about its growth prospects, up from about 12% in the previous survey. This growing interest in Solana coincides with recent technological advancements and its growing presence in the market.
The survey also found that digital assets now make up 3% of the average investment portfolio, the highest level recorded since the survey launched in 2021. This increase is largely attributed to the introduction of spot Bitcoin ETFs in the United States, which facilitated direct exposure to Bitcoin for institutional investors.
Despite the positive influx of institutional capital into cryptocurrencies like Solana, the report highlights significant obstacles to broader adoption. Regulation remains a major concern, with many investors citing it as a major barrier to continuing to invest in this asset class. Butterfill noted:
“Regulation stubbornly remains a major obstacle, but it is encouraging to see that concerns about volatility and custody continue to diminish.”
The survey also found that while investor interest in distributed ledger technology remains high, the perception of cryptocurrencies as a good value investment has increased significantly. From January to April, the percentage of investors viewing digital assets as “good value” increased from less than 15% to more than 20%, driven by growing customer demand and positive market momentum. price.
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