The technology and crypto sectors are the most traded sectors for UK investors, new research from GraniteShares shows.
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Will Rhind, Founder and CEO at GraniteShares
- Nearly one in five would buy cryptocurrency spot ETFs, GraniteShares research shows
Its study found 28% say technology shares are the most traded followed by 18% who selected cryptocurrency-related shares as their most traded. More traditional sectors remain popular with 16% saying they trade energy stocks with around 8% saying they focus on metals and mining, 8% on industrials and 8% on healthcare.
The research for GraniteShares, which offers a suite of Short and Leveraged Single Stock Daily ETPs tracking some of the most popular companies in UK US and European markets, found 23% believe Microsoft is the best share to invest in for AI opportunities while 24% say Coinbase is their favourite crypto-related investment.
The recent approval of the launch of spot crypto ETFs in the US is driving interest in investing in them with nearly one in five (18%) of UK investors saying they would be happy to do so.
Will Rhind, Founder and CEO of GraniteShares, said: “The so-called Magnificent Seven tech giants – Apple, Alphabet, Microsoft, Amazon, Meta, Tesla and Nvidia – had an impressive average return of 111% last year and understandably investors are focusing on tech stocks”.
“There is also growing interest in crypto-related stocks and alongside the launch of spot Bitcoin ETFs, GraniteShares ETPs on crypto proxies Coinbase (3LCO) and MicroStrategy (3LMI) are also attracting a lot of interest.”
Source: ETFWorld.co.uk
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