Ethereum is fancied massively above Bitcoin for the future, according to a new survey of professional investors and fund managers.
Some 42% of surveyed fund managers believed Ethereum had the most compelling growth outlook whereas only 18% of the investors picked Bitcoin when asked by crypto advisory and investment products firm CoinShares.
Moreover, CoinShares noted a similar trend in terms of the assets under management it sees where Ethereum’s share has increased to 26% from just 11% at the start of the year.
The survey found that some 35% of those invested in digital assets see their investments as speculative, whilst another 25% considered crypto to be a diversification tool.
Among those that had not yet invested in crypto, 21% cited regulation as the main reason for holding out, followed by corporate restrictions at 19% and, the third most common answer was volatility.
Perhaps unsurprisingly after the Chinese disruption in crypto in recent months - first outlawing Bitcoin mining and subsequently clarifying that crypto is banned in China - the majority, 58%, of the fund managers saw politics, government bans and regulation among the perceived key risks to investments in digital assets.