“Ziglu’s study found that 63% of crypto investors have moved money into crypto from other types of investments as people look for long-term alternatives and ways to diversify, with savings accounts and cash ISAs by far the biggest source of investments in cryptoassets,” according to the firm. A recent survey by U.K.-based banking, exchange, and investment app Ziglu indicates that more investors are in fact embracing crypto. That’s meaningful at a time when more investors are warming to crypto. While the ARK exchange traded fund doesn’t provide direct ownership of bitcoin or other digital coins, it is an established force in the crypto-correlated ETF space. That ascent is still in its formative stages, and as it gains momentum, it brings implications for other assets, including the ARK Fintech Innovation ETF (NYSEARCA: ARKF). As enthusiasts and other market participants know, cryptocurrency, led by bitcoin, is gaining mainstream prominence.
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