THE WEEKLY VIEW INTO HOW OUR COMMUNITY IS
ALLOCATING IT'S LONGTERM ACCOUNTS (SDIRAS).
WEEK 22 | MAY 23 - 29
RESEARCH POWERED BY:
TOP 10 | COMBINED SHARE OF TRADING | Digital assets, primarily BTC and ETH, comprised 80% of trading across all assets
THE
RETIREMENT
REPORT
Source: Choice proprietary data
THE RETIREMENT REPORT
The weekly view into how our community of savers are allocating their longterm accounts (SDIRAs).
NOTES | WEEK OF MAY 23 - 29
WEEK OF MAY 23 - 29
TABLE OF CONTENTS
1 COVER
> 80% of trading was driven by digital assets this week,
which is slightly down from prior weeks in May.
> DIGITAL + LEGACY SHARE OF WEEKLY TRADING
2 SUMMARY + TABLE OF CONTENTS
> DIGITAL + LEGACY SHARE OF WEEKLY TRADING
> TABLE OF CONTENTS
> BTC and ETH were the top 2 traded assets, with an even
split, totaling 74% of total trade volume together.
3 BITCOIN & CRYPTO
> 7 of the top 10 most traded traditional assets were ETFs
however, volume was more evenly distributed this week
than most, with 47% of traditional asset trade volume
lying outside of the top 10.
4 STOCKS, ETFS & MORE
> ETH accounted for 47% of digital asset trading volume
in long term accounts but only 24% in short term,
brokerage accounts. Other assets (outside of the top 3)
continue to make up a large share of short term trading.
> DIGITAL TRADING BREAKDOWN
> TOP 5 DIGITAL + DIRECTION OF TRADING
> STOCKS, ETFS & MORE TRADING BREAKDOWN
> TOP 5 LEGACY + DIRECTION OF TRADING
5 DIGITAL + LEGACY
>
>
>
>
SHARE OF TRADING
DIRECTION OF TRADING DIGITAL
DIRECTION OF TRADING STOCKS, ETFS+
TOP 10 COMBINED - MOST TRADED ASSETS
6 SHORT-TERM vs. LONG-TERM
>
>
>
>
TOP 3 + WEEKLY SHARE OF DIGITAL TRADING - BROKERAGE
TOP 3 + WEEKLY SHARE OF DIGITAL TRADING - IRA
TOP 3 + YTD SHARE OF DIGITAL TRADING - BROKERAGE
TOP 3 + YTD SHARE OF DIGITAL TRADING - IRA
7+ SPECIAL: MONTHLY TRENDS
Source: Choice proprietary data
The information provided here is intended to be educational and informational in nature and should not be construed as anything else. See additional important disclaimer at end.
2
BITCOIN & CRYPTO
THE RETIREMENT REPORT
SHARE OF TRADING
WEEK OF MAY 23 - 29
| WEEK OF MAY 23
DIRECTION OF TRADING | WEEK OF MAY 23
Buy 61%
0
Sell 39%
25
50
ETH
75
51%
BTC
100
49%
72%
DOT
28%
57%
43%
78%
LINK
22%
28%
SOL
72%
61%
Other
0
0.25
39%
0.5
0.75
1
Source: Choice proprietary data
Source: Choice proprietary data
ETH was the most traded digital asset this week, displacing BTC which
saw it's second lowest volume week of the year.
Buy side had a majority this week, driven by Bitcoin which
while at relatively lower volume, saw it's 2nd strongest buying
week of the year in terms of buy-side dominance.
The information provided here is intended to be educational and informational in nature and should not be construed as anything else. See additional important disclaimer at end.
3
STOCKS, ETFS & MORE
THE RETIREMENT REPORT
SHARE OF TRADING
WEEK OF MAY 23 - 29
DIRECTION OF TRADING | WEEK OF MAY 23
| WEEK OF MAY 23
Buy 65%
0
Sell 35%
25
VXX
50
75
51%
100
49%
VOO
100%
MSTR
15%
85%
JPM
100%
SNAP
94%
LMBS
6%
100%
22%
VTI
78%
SPMD
100%
SPSM
100%
100%
MOAT
90%
Other
0
0.25
10%
0.5
0.75
1
Source: Choice proprietary data
Source: Choice proprietary data
7 of the 10 most traded equities were ETFs, however, volume was
distributed more evenly than most weeks- assets outside of the top 10
made up a large share (47%) of trading volume.
Buy side had a majority this week, largely driven by assets
outside of the top 10.
The information provided here is intended to be educational and informational in nature and should not be construed as anything else. See additional important disclaimer at end.
4
DIGITAL + LEGACY
THE RETIREMENT REPORT
WEEK OF MAY 23 - 29
TRADING VOLUME SPLIT
TOP 10 MOST TRADED ASSETS
| WEEK OF MAY 23
| WEEK OF MAY 23
BY % OF VOLUME
Stocks
20%
Bitcoin & Crypto 80%
0
25
50
75
ETH
37%
BTC
37%
VXX
100
3%
Source: Choice proprietary data
DOT
2%
VOO
2%
1%
Tr
ad
e
1%
0.5%
of
Al
l
1%
SNAP
Buy 61%
0
25
Sell 39%
50
75
The buy side of the bitcoin and
crypto markets had an edge in
volume terms this week.
Source: Choice proprietary data
Buy 65%
100
0
25
75
Equities + ETFs landed firmly on
the buy side this week.
0.3%
1%
LMBS
Sell 35%
50
100
85
%
STOCKS
1%
}
BITCOIN & CRYPTO
JPM
LINK
Vo
lu
m
MSTR
e
Choice clients traded more digital assets than equities last week, though the margin
was smaller than other weeks in May.
0
0.1
0.2
0.3
0.4
This week, the top 10 most traded assets comprise 85% of total trade
volume - with BTC and ETH accounting for 74% of total trade volume.
Source: Choice proprietary data
The information provided here is intended to be educational and informational in nature and should not be construed as anything else. See additional important disclaimer at end.
5
SHORT TERM VS. LONG TERM
THE RETIREMENT REPORT
WEEK OF MAY 23 - 29
WEEKLY SHARE OF TRADING - TOP 3
YTD SHARE OF TRADING - TOP 3
Below is a comparison of weekly activity among accounts with different
investing horizons, brokerage data from Coinbase, with retirement trading data
from our own internal data set.
Below is a comparison of activity year to date among accounts with
different investing horizons, brokerage data from Coinbase, with
retirement trading data from our own internal data set.
Brokerage
Brokerage
24%
34%
41%
1%
28%
23%
6%
43%
SHORT TERM
ETH
WEEK OF MAY 16
Retirement
BTC
DOT
47%
vs
Other
46%
2%
4%
BTC
2022 TO DATE
Retirement
ETH
SOL
54%
Other
31%
4% 11%
LONG TERM
2%
0%
25%
50%
75%
100%
0%
25%
50%
75%
100%
Source: Choice data, Nomics/Coinbase Pro
Source: Choice data, Nomics/Coinbase Pro
ETH and BTC dominated trading volume in both long-term retirement accounts,
accounting for 93% of trade volume while assets outside of the top 3 made up
41% of trade volume in short term brokerage accounts.
BTC remained the dominant asset on the YTD chart for long-term
accounts, while short term brokerage accounts are heavily involved with
assets in the Other category.
The information provided here is intended to be educational and informational in nature and should not be construed as anything else. See additional important disclaimer at end.
6
MAY 2022
THE RETIREMENT REPORT
MONTHLY SUMMARY
A MONTHLY VIEW INTO HOW OUR COMMUNITY IS
ALLOCATING IT'S LONGTERM ACCOUNTS (SDIRAS).
TABLE OF CONTENTS
8 MONTHLY TRENDS
> COMBINED [DIGITAL + LEGACY] SHARE OF MONTHLY TRADING
> TOP 5 DIGITAL + SPLIT & DIRECTION OF TRADING
> SIMPLIFIED TRADE VOLUME SPLIT
9 MONTHLY TRENDS (cont.)
> YEAR TO DATE TRADE VOLUME SPLIT
> MONTHLY SUMMARY NOTES
The information provided here is intended to be educational and informational in nature and should not be construed as anything else. See additional important disclaimer at end.
7
MONTHLY TRENDS
THE RETIREMENT REPORT
COMBINED SHARE OF TRADING
MONTH OF MAY 2022
DIGITAL TRADING SPLIT & DIRECTION
| MAY 2022
ETH
33%
| MAY 2022
BUY
SELL
61%
39%
MAY
2022
BTC
57%
2% 2%
SOL
0
4% 2%
LINK
DOT
Other
0.25
0.5
0.75
1
Digital trading volume landed
firmly on the buy side for the
month of May.
Source: Choice proprietary data
BITCOIN 50%
Source: Choice proprietary data
Bitcoin dominated digital asset trading volume in the month of May,
making up 59% of all digital asset trading volume.
0
0.25
| MAY 2022
STOCKS
SIMPLIFIED TRADE VOLUME SPLIT
CRYPTO 37%
0.5
0.75
13%
1
Source: Choice proprietary data
The information provided here is intended to be educational and informational in nature and should not be construed as anything else. See additional important disclaimer at end.
8
MONTHLY TRENDS
(CONT.)
THE RETIREMENT REPORT
MONTH OF MAY 2022
YTD TRADE VOLUME SPLIT
| JAN 2022 - MAY 2022
1
10%
13%
STOCK+
20%
14%
13%
0.75
45%
41%
CRYPTO
33%
37%
38%
NOTES | MAY 2022
> Bitcoin dominated digital asset trading in the month of
May. Bitcoin alone made up 50% of all trading volume,
making it the 2nd highest month for share of volume YTD.
> ETH was the second most traded asset accounting for
33% of total trade volume. Crypto as a whole (excluding
bitcoin) accounted for 37% of all trade volume.
0.5
45%
47%
Jan
Feb
0.25
BITCOIN
53%
42%
50%
> Stocks accounted for 13% of all trade volume, which
marks a return to average after a spike in share of volume
in March.
0
Mar
April
May
Source: Choice proprietary data
> Digital assets as a whole were on the buy side in May.
61% of all digital asset trade volume was on the buy side.
Bitcoin had its second most dominant month in terms of share of
trading. Stocks (+ETFs, etc.) seemed to have returned to average share
of volume with 13% of total traded volume.
The information provided here is intended to be educational and informational in nature and should not be construed as anything else. See additional important disclaimer at end.
9
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THE RETIREMENT REPORT
WEEK OF MAY 23 - 29
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The information provided here is intended to be educational and informational in nature and should not be construed as anything else.