Summary
- 40% of fund managers have expressed willingness to invest in altcoins, drawing attention.
- This indicates an important shift where the popularization of cryptocurrencies is not limited to Bitcoin.
- Fund managers are showing interest in DeFi tokens and altcoins, seeking to diversify their investments.
On the 29th (local time), cryptocurrency-focused media DL News reported, citing an S&P Global survey report, that 40% of fund managers (most managing funds over $100 million) expressed willingness to invest in altcoins.
The report stated, "The popularization of cryptocurrencies among fund managers is not limited to Bitcoin (BTC)," adding, "This is a significant change compared to a few years ago."
It continued, "They are showing interest in direct investment in cryptocurrencies beyond derivatives," and assessed, "While Bitcoin remains the most attractive asset, interest in DeFi tokens and altcoins appears to be increasing."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
![[Analysis] "Bitcoin attempts a technical rebound after capitulation selling…trend reversal hinges on fresh inflows"](https://media.bloomingbit.io/PROD/news/067f7da2-2764-45b9-a79c-b8a9c31d4919.webp?w=250)
![[Analysis] "Bankruptcy fears around Strategy are spreading…concerns somewhat overstated"](https://media.bloomingbit.io/PROD/news/ca8aa06b-c04b-4831-b878-608bd90bdd3d.webp?w=250)
