A $9 trillion Charles Schwab survey found that 45% of respondents plan to invest in crypto ETFs.
Author: Victor J. blue
Key receivers
45% of ETF investors plan to invest in cryptocurrency ETFs by 2024. Millennials show a higher risk appetite towards equities and crypto.
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According to a new survey conducted by Charles Schwab, a well-known American brokerage that manages more than $9 trillion in client assets, 45% of respondents expressed their intention to invest in Bitcoin and crypto ETFs in the next year.
Bullishness towards crypto assets has increased among ETF investors compared to last year. By 2023, only 38% of respondents said they plan to invest in crypto ETFs in the next year.
The change in ETF investment trends shows that investors' confidence in crypto assets is growing. Still, U.S. stocks are investors' top picks, with a projected 55% gain in 2025. Meanwhile, bond yields have remained relatively stable, with 44% of investors saying they plan to invest in bond ETFs.
According to the findings, investment strategies differ between generations. Millennials show a high risk appetite, with 62% of respondents in this group planning to invest in crypto ETFs in the next year.
Gen X has shown interest in crypto ETFs, with 44% of respondents planning to invest in these products. In contrast, only 15% of Boomers care about these ETFs.
The millennial generation is more likely to invest in values and customize their portfolios. Compared to other generations, they have a high interest in direct index and will invest in direct index next year.
Interest in crypto ETFs has surged amid rapid adoption of the ETF market, perhaps influenced by the launch of US spot bitcoin and ethereum ETFs. These ETFs have reported gains over the past eight trading months.
These approved crypto ETFs offer investors a more streamlined way to gain exposure to Bitcoin. According to Bloomberg ETF analyst Eric Balchunas, BlackRock's iShares Bitcoin Trust (IBIT) and Fidelity's Bitcoin ETF (FBTC) are among the top 10 ETF performers this year.
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