Fund managers nudged their crypto allocations higher, and the main reason is diversification, not speculation.

CoinShares' October 2026 Digital Asset Fund Manager Survey, published November 10, 2026, polled 28 investors overseeing about $642 billion. The average digital asset allocation rose to 1.3% of portfolios, up from 1.2% in July, as respondents rotated out of equities and bonds into alternatives such as commodities and digital assets rather than cash. Diversification was cited in 40% of responses, while speculation slipped to fifth place at under 9%.

Bitcoin kept the strongest growth outlook by a wide margin, and $BTC plus $ETH together made up 47% of positioning responses. Altcoin interest shifted toward newer names including HYPE, SUI, UNI, NEAR, AAVE and LINK, while sentiment on Ethereum and Solana improved slightly. Volatility remained the top risk cited by invested respondents.

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DYOR. Not financial advice.