Investors’ portfolio allocations to crypto reached a yearly high of 1.8% as of April 29, according to the latest report from digital asset investment firm CoinShares.
The report, published on Friday, attributed the increase to recent price movements and improving sentiment in the crypto market. Its findings are based on survey data and supporting 13F filings, offering a position snapshot of how institutions, individuals, and wealth managers across asset classes are deploying capital.
The report found that institutional portfolios, in particular, showed an average crypto allocation of 2.5%, highlighting a marked shift toward greater on-chain exposure.
While individual investors maintain the highest absolute weighting in crypto, the report highlights a growing commitment among institutions and family offices.
Bitcoin (BTC) continues to lead among crypto holdings, with 63% of survey respondents confirming exposure, up from 48% in January, while Ethereum (ETH) remains in second place with nearly 20%. Solana (SOL) follows with 17%.
Other altcoins, including Polkadot (DOT), Cardano (ADA), and XRP, registered little to no presence in investor portfolios, suggesting a move away from broader diversification within crypto holdings.
The narrowing focus on Bitcoin comes as investors are reassessing altcoin risk and becoming more comfortable with Bitcoin’s relative liquidity, infrastructure, and perceived regulatory clarity.
This trend is evident despite Ethereum’s continued relevance and growing interest in alternatives outside the top two digital assets.
Respondents primarily cited diversification (30%) as the leading reason for including crypto, followed by interest in distributed ledger technology and speculative motives.
While client demand has dropped compared to the previous quarter, speculative interest has increased, suggesting a reevaluation of crypto’s role in multi-asset portfolios.
