The recent crypto market crash has boosted investors’ enthusiasm for the two largest cryptocurrencies by market cap, according to a new survey conducted by bitcoin and altcoin asset manager CoinShares. As Kriptokoin.com, we convey the details…
Poll: Investors focus on Bitcoin and leading altcoin Ethereum
CoinShares; He says investor sentiment for Bitcoin (BTC) and Ethereum (ETH) improved in December 2021, while sentiment for Cardano (ADA), Solana (SOL) and other altcoins turned to the downside. But investor sentiment in Polkadot (DOT), the market’s ninth-largest crypto-asset, has remained unchanged, according to the CoinShares survey. The company uses the following statements regarding the results of the survey:
During December 2021, when market prices fell sharply, investor sentiment improved for the larger digital assets Bitcoin, Ethereum, while sentiment decreased for smaller assets such as Cardano, Solana, and other altcoins.
On the other hand, the survey states that allocations to cryptocurrencies in CoinShares funds are related to investor sentiment. Bitcoin and Ethereum received relatively larger allocations compared to Polkadot, Cardano and Solana. It is stated that the growth outlook is reflected by increasing allocations to larger cryptocurrencies instead of altcoins. It is worth noting that, meanwhile, CoinShares has launched two new physically-backed exchange-traded products (ETP), one for Tezos (XTZ) and the other for Polkadot (DOT).
Investors worried about regulations
Investor concerns were also included in the survey, with the majority of respondents living in North America as well as Europe and the Middle East. According to CoinShares, regulations are becoming an increasingly important concern for crypto investors. While it was stated in the survey that the number of investors concerned about regulation increased by up to two times, the following statements were included in the statement:
Despite greater clarity on MiCA (Regulation of Markets in Cryptocurrencies) and the U.S. Securities and Exchange Commission (SEC) permitting a Bitcoin ETF, regulation remains a top key risk for investors.
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