Fund managers’ average digital asset allocation rises to 1.3%, CoinShares survey finds

The shift in stated motivation matters more than the small allocation uptick: diversification overtaking speculation suggests digital assets are being folded into portfolio construction rather than traded as a bet, which is a structural change in how allocators justify exposure. That framing, if it holds, tends to make allocations stickier than sentiment-driven flows. The concentration in bitcoin and ether, however, means most portfolios are still expressing a single broad crypto beta rather than genuine diversification. Whether the diversification rationale survives the next drawdown is the open question.