Who is the most likely purchaser of strips?

Who exactly is the most probable buyer of strips in the current market scenario? Are they individual investors looking to diversify their portfolios, or are they institutional investors seeking exposure to alternative assets? Could it be traders looking to capitalize on short-term price fluctuations, or perhaps long-term holders believing in the underlying value of the asset? Additionally, are there any specific demographics or regions that are more likely to purchase strips, or is it a global phenomenon? Understanding the answer to these questions could provide valuable insights into the demand dynamics of the strips market.