{"id":86507,"date":"2023-11-02T12:41:00","date_gmt":"2023-11-02T10:41:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86507"},"modified":"2025-09-13T06:01:57","modified_gmt":"2025-09-13T03:01:57","slug":"analysts-note-asset-managers-interest-in-ethereum","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/analysts-note-asset-managers-interest-in-ethereum\/","title":{"rendered":"Analysts note asset managers’ interest in Ethereum"},"content":{"rendered":"

At the moment, Ethereum offers the most attractive growth prospects among the major cryptocurrencies. These results come from a survey of digital-asset managers conducted by CoinShares<\/a>.<\/p>\n

The second-largest cryptocurrency by market cap was mentioned by ~44% of respondents. For comparison, about 39% voted for Bitcoin, and Solana ~7%.<\/p>\n

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\\\"1-808\\\"
Data: CoinShares.<\/figcaption><\/figure>\n<\/div>\n

The survey results run contrary to publicly reported data on inflows into digital investment products. Ethereum was named the least-loved altcoin in those figures.<\/p>\n

Since the start of the year, clients have withdrawn<\/a> from Ethereum-based funds for $125m. The launch of trading<\/a> of Ethereum-ETF<\/a> has not fundamentally changed the trend.<\/p>\n

The chart below shows that since the previous survey, managers have increased their share of Bitcoin and other altcoins. This occurred due to reductions in positions in the second-largest cryptocurrency and in a basket of assets other than digital gold.<\/p>\n

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\\\"2-651\\\"
Data: CoinShares.<\/figcaption><\/figure>\n<\/div>\n

The sample was formed by representatives of 58 firms with AUM<\/span> above $500 billion.<\/p>\n

The CoinShares findings align with the assessment of analysts K33 Research<\/a>. The latter noted that they no longer share a ‘bearish view on Ethereum.’<\/p>\n

Experts noted that the shift in market sentiment is corroborated by the narrowing of the premium on futures on the CME<\/span> relative to Bitcoin. A similar picture has formed on offshore derivative platforms, as well as in the Ethereum options market.<\/p>\n

\n
\\\"3-383\\\"
Data: K33 Research.<\/figcaption><\/figure>\n<\/div>\n

Analysts suggested that traders have hedged less the risks associated with digital gold using instruments tied to the second-largest cryptocurrency. This was driven by the ETH\/BTC ratio falling to July 2022 lows. The specialists forecast that the value will continue to rebound after a drop to 0.05.<\/p>\n

Analysts are also bullish on Ethereum’s prospects, according to Peter Brandt, an analyst and head of Factor LLC. He noted the completion of a nine-day flag pattern, which confirmed the completion on October 23 of a right-angled expanding triangle. The latter served as a reversal pattern.<\/p>\n

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Another example of classical charting principles
Completion today of small 9-day flag reconfirms Oct 23 completion of right angled expanding triangle $ETH<\/a> pic.twitter.com\/sDW5YMhF0e<\/a><\/p>\n

\u2014 Peter Brandt (@PeterLBrandt) November 2, 2023<\/a><\/p><\/blockquote>\n