According to a new survey conducted by digital asset manager CoinShares, the recent crash in the crypto market has increased investor interest in the two largest crypto assets by market cap.
CoinShares reports that while investor sentiment for Bitcoin (BTC) and (ETH) improved in December 2021, Cardano (ADA), Solana (SOL) and other altcoins witnessed the opposite.
“During December 2021, when market prices fell sharply, investor sentiment improved for the larger digital assets Bitcoin, Ethereum, while sentiment for smaller assets such as Cardano, Solana and other altcoins decreased.”
Investor sentiment remained unchanged in Polkadot (DOT), the market’s ninth-largest crypto asset, according to the CoinShares Digital Asset Fund Manager Survey.
The new CoinShares survey states that allocations to digital assets are correlated with investor sentiment. Bitcoin and Ethereum; Polkadot received relatively larger allocations compared to Cardano and Solana.
Moreover, according to CoinShares, regulatory regulation is increasingly becoming a major concern for crypto investors.
“The number of investors concerned about regulation has also nearly doubled.
Editing in MiCA [Kripto Varlıklarda Piyasaların Düzenlenmesidaha fazla netliğe ve SEC’in [ABD. Menkul Kıymetler ve Borsa Komisyonu] to a Bitcoin futures ETF [Borsa İşlemli Fon] Despite its recent decision to allow permits, it ranked highest among investors in terms of key risks.”
MiCA is a framework aimed at regulating crypto assets in the European Union with the aim of maintaining financial stability and protecting investors.
It’s worth noting that the survey in question is aimed at investors “covering $250 billion in assets under management.” The majority of respondents live in North America, as well as parts of Europe and the Middle East.