Bitcoin ETFs Fuel Resurgence In Crypto Interest, According To Gemini’s 2024 Report
Gemini's 2024 global crypto report reveals a significant rally in the cryptocurrency market, driven by the approval of spot Ethereum and Bitcoin ETFs, attracting billions in institutional inflows. Long-term holders are accumulating digital assets, with 21% of individuals in the US and 18% in the UK identifying as crypto owners. Ownership in France increased from 16% to 18%, while Singapore's ownership declined from 30% to 26%. Regulatory uncertainty remains a major barrier, with nearly two in five non-crypto owners in the US and UK citing it as a deterrent. A majority of 57% of crypto owners are willing to allocate 5% or more of their portfolios to digital assets, and 26% of previous owners are interested in re-entering the market. The gender disparity persists, with 69% of crypto owners being male. In the US, 37% of cryptocurrency owners hold assets through ETFs. Additionally, 73% of crypto owners consider candidates' digital asset policies when voting in elections. Bitcoin is trading at $56,700, showing minimal change.
