Gen Z Investors Favor ETFs on Binance Amid Buy-and-Hold Strategy
Gen Z investors on Binance have been favoring exchange-traded funds (ETFs) and adopting a buy-and-hold strategy, according to fresh data from Binance Research. In early August, ETF allocations reached 25% of Gen Z equity trading volume, up from 21.9% the previous month.
The proportion directed toward individual company stocks declined from 77% in June to 74.2% by July. Gen Z investors completed an average of 13 monthly transactions in traditional finance perpetual contracts, compared to 17 trades among Millennials and 16.5 among Gen X.
In direct-equity portfolios, 22% of Gen Z investors had not executed a single sell transaction, compared to 19% for Gen X and 9% among Baby Boomers. The most popular holdings among Gen Z buy-only portfolios included Broadcom, Tesla, and the Schwab U.S. Dividend Equity ETF.