Almost half of investors plan to invest in crypto ETFs: Charles Schwab

A survey titled “ETFs and Beyond” released by investment giant Charles Schwab on October 10th revealed that almost half of respondents said they plan to invest in crypto ETFs. Ta.

A survey conducted among 2,200 investors from July 2 to July 20 revealed that 45% of ETF investors are interested in crypto products. However, US stocks remain the top investment destination, with 55% planning to invest in 2025.

Eric Balchunas, senior ETF analyst at Bloomberg, said the results were “very surprising.”

Almost half of Schwab respondents said they plan to invest in crypto ETFs rather than fixed income, foreign or alternative funds. It's quite stunning. https://t.co/F9iV4ZGjxf pic.twitter.com/VnnoxioGIK

— Eric Balchunas (@EricBalchunas) October 10, 2024

Millennials interested in virtual currency

Meanwhile, ETF Store President Nate Geraci noted another finding.: 62% of people planning to invest in crypto ETFs are Millennials (28-43 years old)). They have a higher propensity for risk and are more likely to invest based on their values ​​and customized portfolios.

Approximately 44% were Gen Geraci added that it is “outrageous” that Schwab has this data and has not yet launched a spot crypto ETF.

Geraci said in September that crypto ETFs accounted for 13 of the 25 largest ETFs created in 2024 by year-to-date inflows. The increased interest in crypto ETFs coincides with the launch of spot Bitcoin and Ethereum exchange-traded funds in the US this year.

Schwab also reported that most ETF investors remain invested “despite market-moving events.”

Spot Crypto ETF Outlook

Despite bullish research signals, US Bitcoin ETFs continued to experience outflows this week. On October 10, 11 spot BTC ETFs saw a total of $81.1 million in outflows, marking the third consecutive day of outflows this week, according to preliminary data from Farside Investors.

Industry leader BlackRock lost $10.8 million from its IBIT fund in a rare outflow day, while Fidelity's FBTC fund lost $33.8 million. There were also leaks from Bitwise and Ark 21Shares, but the rest were zero.

Conversely, the Spot Ethereum ETF recorded its biggest day of inflows in a week at $10.1 million on Thursday. BlackRock's ETHA fund accounted for the majority with $17.8 million, while Fidelity and Bitwise lost $3.5 million and $4.2 million, respectively.

Meanwhile, the crypto spot market continues to decline, losing nearly 3%, or more than $60 billion, since Monday.