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Grayscale: 77% of US investors are 'more likely’ to tap into crypto if SEC approves Bitcoin ETF

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Crypto Slate

Tue, Dec 07, 2021

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While more than a quarter of American retail investors already have Bitcoin (BTC) in their portfolios, this number would likely be much higher if the U.S. Securities and Exchange Commission (SEC) approves a spot-based Bitcoin exchange-traded fund (ETF), according to Grayscale Investments.

Per the third annual Bitcoin Investor Study published by the crypto investment giant on Monday, out of 1,000 surveyed U.S. consumers—who had at least $10,000 in household investable assets and at least $50,000 in household income—26% have already invested in BTC.

Find out just how much has changed in our annual survey of investor attitudes toward #Bitcoin : https://t.co/lIHAUjQuHy pic.twitter.com/GwmZcj7LCS — Grayscale (@Grayscale) December 6, 2021 Notably, the vast majority of those who already invested in Bitcoin—87%—also owned at least one other digital currency, the study showed.

“The results of the 2021 Bitcoin Investor Study confirm that more investors see long-term value in adding Bitcoin and digital currencies to their investment portfolios,” added Grayscale Investments CEO Michael Sonnenshein.

At the same time, over three-fourths of Grayscale’s survey respondents said they “would be more likely” to invest in Bitcoin if there was an option to do so via an exchange-traded fund.

“More than three-quarters (77%) of U.S. investors said they would be more likely to invest in Bitcoin if an ETF existed,” the researchers reported.

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