Wealthy investors across major developed economies are allocating capital to digital assets at a pace that outstrips the guidance they receive from financial professionals, according to a new survey from European asset manager CoinShares. The research arrives as Bitcoin contends with a formidable macro headwind—Treasury yields above 5%—and as corporate crypto-linked activity intensifies across exchanges and publicly traded vehicles.

The survey, which polled 2,230 investors holding at least $500,000 in investable assets across the United States, United Kingdom, France, Germany, Italy, Sweden, and Switzerland, found that a majority of respondents in each market already own cryptocurrency. Digital assets represent approximately 10% of…