SG User Trading Data (Jan 3 - Jan 22)

Summary

Bitcoin ETFs Trading

·      There was a 60x increase in the number of users who traded Bitcoin ETFs between Jan 11-22 compared to the average of Jan 2-10.

·      There was a 204x increase in turnover who traded Bitcoin ETFs between Jan 11-22 compared to the average of Jan 2-10.      

Profile of these users

·      Compared with customers with assets in the market, customers who trade Bitcoin ETFs are mainly male (80%), post-80s (40%), financial and IT industry practitioners , with higher annual income levels (median above 50,000 SGD)

Top 5 traded ETFs

1.    iShares Bitcoin Trust

2.    ARK21 Shares Bitcoin ETF

3.    Bitwise Bitcoin ETF

4.    Grayscale Bitcoin Trust

5.    Fidelity Wise Origin Bitcoin Fund

Characteristics of this group

·      Higher assets under custody compared to other users

·      More than half of these individuals have about 80% of their portfolio allocation in equities