ETFs captured 25.0% of Gen Z equity trading volume on Binance in early August, up from 14.6% in June, according to a Binance Research report published on August 12. Gen Z was the only cohort whose ETF holder base grew, rising 2.9%, while Millennials fell 4.5% and Gen X fell 5.9%. Binance tokenized US equities reached $100 million in assets under management within two weeks, with 47% of trading activity outside regular US market hours. Gen Z allocated only 9.25% of its direct-equity turnover to leveraged products, and 88.2% of its accounts recorded no leveraged or inverse activity on perpetuals.
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