Almost half of investors plan to invest in Crypto ETF: Charles Schwab

A study titled “ETFs and Beyond,” released on October 10 by investment giant Charles Schwab, revealed that nearly half of respondents said they planned to invest in crypto ETFs.

The survey of 2,200 investors, which ran from July 2-20, revealed that 45% of ETF investors were interested in crypto products. However, US stocks remain the top investment choice, with 55% planning to invest in 2025.

Eric Balchunas, senior ETF analyst at Bloomberg, said the results were “pretty impressive.”

Nearly half of Schwab respondents said they plan to invest in crypto ETFs, rather than bonds, international, high. Pretty impressive. https://t.co/F9iV4ZGjxf pic.twitter.com/VnnoxioGIK

— Eric Balchunas (@EricBalchunas) October 10, 2024

Millennials Big on Crypto

Meanwhile, ETF Store President Nate Geraci focused on another finding: 62% of those planning to invest in cryptoETFs were millennials (ages 28-43). They are more risk-averse and more likely to invest based on their values ​​and personalized portfolios.

About 44% were Gen Xers (roughly 44-59 years old), while Boomers (60-78 years old) only made up 15% of the total. Geraci added that it was “wild” that Schwab has this data and has yet to launch spot crypto ETFs.

In September, Geraci said crypto ETFs accounted for 13 of the 25 largest ETF launches in 2024 by year-to-date inflows. The surge in interest in crypto ETFs coincides with the launch of Bitcoin and Ethereum exchange-traded funds in the US this year.

Schwab also reported that most ETF investors have stayed on course with their investments “despite several market-driving events.”

Crypto ETF Outlook Location

Despite bullish signals from the survey, US Bitcoin ETFs continued to rally this week. On October 10, the 11 spot BTC ETFs recorded an aggregate outflow of $81.1 million, 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 day of outflows, while Fidelity’s FBTC fund lost $33.8 million. Bitwise and Ark 21Shares also saw outflows while the rest were zero flows.

By contrast, Ethereum spot ETFs saw their biggest inflow day in more than a week, with $10.1 million on Thursday. BlackRock’s ETHA fund had the most with $17.8 million, but Fidelity and Bitwise saw outflows of $3.5 million and $4.2 million, respectively.

Meanwhile, spot crypto markets continue to retreat, having lost nearly 3%, or more than $60 billion, since Monday.

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