Wall Street Bitcoin and Ethereum Allocations Rise to Year Highs; What’s Next for BTC Price?

Wall Street Bitcoin and Ethereum Allocations Rise to Year Highs; What’s Next for BTC Price?

Wall Street’s interest in digital assets has surged to year highs, particularly in Bitcoin and Ethereum, according to a recent survey by CoinShares. As investors navigate the evolving landscape of cryptocurrency, the report highlights significant trends, preferences, and concerns shaping their decisions. Notably, the surge in allocations comes amid changing sentiments on regulatory risks and a broader diversification trend. Let’s delve into the details to understand the implications for the market and the potential trajectory of Bitcoin prices.
Wall Street’s Increasing Bet on Bitcoin and Ethereum
CoinShares’ Head of Research, James Butterfill, shared insights from the latest digital asset fund manager survey. An overwhelming 75% of respondents see Bitcoin and Ethereum as having the most compelling growth outlook. This bullish sentiment is reflected in the surge of digital assets’ weight in portfolios, climbing from 0.4% to 1.3%, marking the highest level since Q1 2023.
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