60% Of Investors Place Bets On Ethereum Over Bitcoin: CoinShares Survey

Ethereum ETH/USD has seen a dramatic rise in investor sentiment, with major investors believing that it has compelling growth.

What Happened: According to a CoinShares survey, a record 60% of respondents believe Ethereum to be the asset with the most potential for growth, outperforming Bitcoin, which, according to investors, has only 30% compelling growth prospects.

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“Regulation concerns have increased, although far few expect political blockers and a government ban. This suggests investors see regulation being the solution rather than an outright ban,’ the report noted.

The survey further said over 30% investors have invested in Bitcoin while 28% have invested in Ethereum.

“Digital assets weighting in portfolios have risen from their survey lows to represent 1.1% of portfolios, up from the October survey where they were just 0.7%,” the report by CoinShares said.

The report said that investors’ key reasons for investing in digital assets are both speculative and exposure to distributed ledger technology.

Price Action: ETH was trading at $1,579, down 1.50% in the last 24 hours, according to Benzinga Pro data.