1. Crypto Selling Slows Down
2. Impact of ETFs on U.S. Crypto Ownership
3. Regulatory Issues and Gender Disparities in Crypto

Gemini's 2024 Global State of Crypto report, released on September 10, reveals that despite recent market challenges, crypto ownership has remained consistent in key regions such as the U.S., U.K., France, and Singapore.

Crypto Selling Slows Down

Gemini's report highlighted a significant slowdown in selling activity among crypto investors over the past six months. While the number of past crypto owners has increased in recent years, the majority (75%) exited the market more than six months ago, primarily due to price volatility. However, as the market has shown signs of recovery, fewer investors have sold their holdings in the last half-year compared to those who sold more than a year ago. Only 29% of investors who sold their crypto did so after experiencing losses.

Impact of ETFs on U.S. Crypto Ownership

Gemini's report found that nearly 37% of U.S. crypto owners now hold some assets through ETFs, and 13% entered the market exclusively through these financial products. In early July, spot Ethereum (ETH) ETFs began trading, bringing mainstream acceptance of other cryptos beyond Bitcoin (BTC).

Regulatory Issues and Gender Disparities in Crypto

In the U.S. and U.K., nearly 38% of non-owners cited regulatory concerns as a reason for not investing in crypto. This sentiment was even stronger in Singapore, where 49% of respondents expressed similar reservations. The report also shed light on the persistent gender gap in crypto ownership. While men continue to dominate the space — with 69% of crypto owners identifying as male compared to 31% female — women who do invest are just as likely to HODL or hold onto their assets long-term as their male counterparts.

Past crypto owners remain optimistic about digital assets and are indicating their readiness to re-enter the market. Over 70% of previous owners have expressed their intention to purchase cryptocurrency within the upcoming year. In Turkey, included in the study for the first time, the majority of respondents (58%) reported owning crypto, and 65% said they were likely to purchase crypto in the next year.