Originally published on: October 10, 2024
A recent survey conducted by asset manager Charles Schwab has unveiled that cryptocurrencies have surpassed fixed-income investments to become the second most desired asset class among exchange-traded fund (ETF) investors.
According to the survey, a significant 45% of ETF investors are intending to venture into the world of crypto, placing it just behind equities which are favored by 55% of respondents.
Eric Balchunas, an ETF analyst at Bloomberg Intelligence, expressed his surprise at the findings, highlighting that nearly half of Schwab’s respondents are considering investing in crypto ETFs, even more than bonds, international investments, and alternative assets.
The survey also revealed that among millennial ETF investors, cryptocurrencies are even more popular than equities, with 62% showing an interest in this digital asset class.
In 2024, cryptocurrency ETFs have been dominating the ETF market, with 13 out of the 25 largest ETF launches by year-to-date inflows being related to crypto. Notably, the top four biggest ETF launches by inflows this year have all been spot Bitcoin ETFs, with BlackRock’s iShares Bitcoin Trust leading the pack.
Experts anticipate that the launch of options on spot BTC ETFs in the United States could further boost institutional adoption and potentially bring significant benefits to BTC holders.
Despite the growing interest and demand for cryptocurrency ETFs, Schwab has yet to launch spot crypto ETFs, causing speculation within the investment community.
For more intriguing insights and updates on the cryptocurrency market, subscribe to our Markets Outlook newsletter where you can discover investment opportunities, risk mitigation strategies, and refine your trading techniques. Subscribe now to stay ahead in the ever-evolving world of finance.
