Nearly 50% of US Investors Plan to Invest in Crypto ETFs: Charles Schwab Survey
Date: 2024-10-11 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
About 45% of respondents said they plan to invest in crypto ETFs over the next year, up 7% from last year. That’s more than the demand for bonds and alternative assets. Only US equities saw more interest, with 55% of respondents planning to invest in the space.
Among millennial investors, crypto ETFs have emerged as the most attractive asset class, with 62% planning to allocate funds to the sector, compared to 48% for US equities, 47% for bonds, and 46% for real assets like commodities.
Baby boomer investors are significantly less interested in digital assets, with only 15% of respondents planning to invest in the space.
Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, said the high proportion of cryptocurrencies in investment plans is “pretty surprising.”
The results of the survey, which surveyed 2,200 individual investors aged 25 to 75 with at least $25,000 to invest, could provide a boost to a fast-growing class of crypto funds that are positioned as a diversification tool for traditional stock and bond portfolios.
While U.S.-listed Bitcoin cash funds are in no need of help, having attracted nearly $19 billion in net inflows since January, Ether cash funds have underperformed on both an absolute and relative basis since their launch a few months ago. Exits from the existing Grayscale Ethereum Trust have significantly outpaced inflows into new funds, with total net outflows for this group totaling more than $500 million.
