SA Sentiment: More investors considering crypto for balanced portfolio

There have been many headlines in recent weeks coming out of the crypto sector, like the launch of spot ether ETFs and the first major-party presidential candidate to fully embrace the industry.

Seeking Alpha polled over 1,000 subscribers in the run-up to the latest cycle in early June, and again in late July, with more investors seeing crypto as a store of value. The most significant change saw a nearly 10 percentage point increase from 15% to 24% for new holders of crypto in their portfolio, bolstered by new spot ETFs that were seen as the most popular form of crypto investment.

The number of people that would never consider crypto also dropped from 45% to 37%, and there were other interesting findings surrounding the U.S. election and future competition with fiat currency.

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