GraniteShares ETP : Crypto and share traders are investing in bed and at work
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Will Rhind, Founder and CEO at GraniteShares
- Around one in seven admit their trading habits have got them in trouble at work and with family and friends
- Just one in six regular traders have cut back since the end of COVID restrictions and less working from home
New research from ETP provider GraniteShares shows regular crypto and share traders are trading at work and even in bed underlining how the UK’s interest in trading hasn’t ended with the end of COVID restrictions and less working from home.
The start of lockdowns from March 2020 kickstarted interest in share and crypto trading as people had more time on their hands and saw the potential gains from strong share prices – but many analysts thought the surge in trading would fade.
GraniteShares nationwide study found the opposite – one in eight (12%) who have bought shares in the past year have done some of their trading in bed while one in five (20%) have carried out their trading while at work.
Most share and crypto traders questioned confine their dealing to after work or before work with 71% saying they carry out trades at home after work while 39% trade before heading into work.
Not all are so disciplined and one in seven (14%) admit their share and crypto trading habits have caused them problems at work or with family and friends. That may be because one in 20 (5%) admit they have carried on some of their trading in the past year while out socialising.
The research for GraniteShares, which offers UK sophisticated investors a suite of index ETPs tracking FAANG stocks and a suite of Short and Leveraged Single Stock Daily ETPs tracking some of the most popular companies in UK markets, found the easing of COVID restrictions and less time working from home has not dampened interest in share and crypto trading.
Just one in six regular traders (16%) say they have cut back on trading because they have not had as much time. Around three out of four (74%) say their trading is unaffected while nearly one in 10 (9%) say they are trading more.
Will Rhind, Founder and CEO at GraniteShares said: “Interest in share trading surged during the COVID-19 pandemic and shows no sign of falling away despite recent wild volatility in crypto markets as well as sharp falls in stock markets worldwide.
“That said trading in bed and while at work is possibly taking it a bit too far and clearly people who are getting into trouble with their partner, family, and friends and at work need to find a balance between their focus on trading and other aspects of their lives.
“There is a growing number of sophisticated investors who are willing to take action in volatile markets to hedge risk or to profit from falling prices and that has led to short and long ETPs fast becoming a popular product as they provide the flexibility needed to help navigate volatile market swings on both the long and short sides.”
Source: ETFWorld.co.uk
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