A quarter of US investors own Bitcoin, more than half bought it this year

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2021-12-27 15:54:35

Retail investor interest in bitcoin is growing and they want an ETF spot.

According to a survey conducted by Grayscale Investments and market research firm 8 Acre Perspective, retail investor interest in digital assets has increased this year, with more than a quarter. US investors said to own bitcoin in 2021.

Of the 1,000 investors surveyed, 59% reported an interest in bitcoin, up 55% from 2020.

Cryptocurrency adoption has increased dramatically over the past year. Of those surveyed who own bitcoin, 55% say they have only purchased the asset within the past 12 months.

“While it is encouraging to see attitudes towards crypto continue to be positive, it is still early days for the industry.” Grayscale CEO Michael Sonnenshein said in a statement. “We all have a responsibility to continue to focus on educating the public about investing.”

More than 75% of investors prefer to buy directly on a crypto exchange by 2020. By 2021, almost two-thirds of investors would prefer to buy bitcoin through a trading app, such as eToro or Robinhood.

Almost 80% of those surveyed said that they would like to invest in bitcoin through an exchange-traded fund. Currently, the only ETF is a futures-based product, a spot fund that has yet to be approved.

Edward Moya, senior market analyst at Oanda, said in a recent note: “This sudden crypto crash does not mean the end of bitcoin. Excessive margin trading and high bull markets are the culprits that make Bitcoin vulnerable to drops.”

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