Crypto Retail Market Is Poised for a Rebound: Gemini

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Will Canny is a finance reporter at CoinDesk.n

The majority of crypto owners said they wanted to allocate 5% or more to digital assets, the survey said.

The report was based on a survey of 6,000 people in the U.S., U.K., France, Singapore and Turkey, and was carried out online from May 23 to June 28 this year. Almost two-thirds of those surveyed said they held crypto for its long-term investment potential, and 38% said they held the asset class as a hedge against inflation, Gemini said.

Spot exchange-traded funds have brought growth to the market, with 37% of holders in the U.S. saying they held some crypto via an ETF.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto for Advisors: Crypto Volatility and Market ConditionsDuring times of uncertainty, the increased availability and accessibility of an investor’s portfolio can lead to reduced volatility and panic across all asset classes, including crypto-native tokens.
Source: CoinDesk - 🏆 291. / 63 Read more »

Crypto for Advisors: Crypto Market - A Week in ReviewSarah Morton is Chief Strategy Officer and Co-founder of MeetAmi Innovations Inc.
Source: CoinDesk - 🏆 291. / 63 Read more »

Is the Housing Market Poised for a Rebound?Stocks Analysis by James Picerno covering: SPDR® S&P 500, SPDR® S&P Homebuilders ETF. Read James Picerno's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »