A new survey commissioned by financial services giant Charles Schwab reveals a growing interest among U.S. investors in crypto ETFs. The findings show that investors are becoming more inclined to invest in cryptocurrency-focused ETFs, overtaking interest in bonds and alternative assets.
Growing Interest in Crypto ETFs
According to the survey, 45% of participants plan to invest in cryptocurrencies through ETFs in the next year, up from 38% last year. This growing interest in crypto is second only to U.S. stocks, with 55% of respondents planning to invest in equities.
Millennials are the driving force behind this increased interest. Among millennial ETF investors, 62% indicated that they plan to allocate funds to crypto, making it the top asset class in this demographic. This stands in contrast to the 48% who plan to invest in U.S. stocks, 47% in bonds, and 46% in real assets like commodities.
On the other hand, baby boomer ETF investors are far less interested in digital assets, with only 15% planning to invest in cryptocurrencies.
Eric Balchunas, Senior ETF Analyst at Bloomberg Intelligence, remarked that it’s “quite striking” to see crypto investment plans ranking so highly among survey participants.
Crypto ETFs Gain Traction in the Market
The survey, which polled 2,200 individual investors aged 25 to 75 with investable assets of at least $25,000, highlights the growing support for the crypto-focused ETF market. These products are increasingly being marketed as diversification tools for traditional portfolios, which are typically composed of stocks and bonds.
This growing interest in crypto ETFs reflects a broader shift in the investment landscape, where digital assets are becoming more mainstream. As younger generations drive the demand for crypto in their portfolios, companies like Charles Schwab are paying closer attention to this evolving market.
