Most ETF investors more interested in crypto than bonds
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ETF investors find crypto funds more attractive than bonds and conservative assets. The latest service by wealth management firm Charles Schwab reveals crypto is near the top when it comes to investment choices. Buyers of ETF are more interested in crypto-derived funds than in conservative bonds, according to the Charles Schwab study on ETF investment behaviors and choices. The study encompasses 1,000 investors, 1,000 non-investors, and an additional cohort of 200 respondents who started their buying journey after 2020. The survey was performed online, among investors aged 25 to 75, with at least $25K portfolios. ETF investors have a strong preference toward crypto-based products, at 45%, up from 38% in 2024. | Source: Charles Schwab Crypto is the second most wanted category of ETF after US equities. Out of 2,200 investors and non-investors, 45% stated cryptocurrency will be one of their selected categories of ETF. Based on age cohorts, millennial investors show more readiness to invest in risky asset classes. They also choose a wider selection of potential investments, including alternative ETFs. Among millennial investors, 62% of queried participants picked crypto ETF as their top preference. GenX investors and boomers skewed toward US equities as their top preference. Millennials are more likely to pick a crypto ETF, with 62% of respondents in favor. | Source: Charles Schwab When picking crypto ETFs, around 39% of investors were ready to buy spot funds. Millennial investors also picked riskier leveraged and long/short ETFs. Investors see ETFs as essential to portfolio goals For more than a decade, ETFs have turned into an agile investment vehicle, targeting both established sources of growth and riskier, trendy assets. ETFs have also tried to track the Bitcoin and crypto market, and have evolved from speculative products to fully regulated entities. More than 91% of the Charles Schwab respondents…
Filed under: News - @ October 10, 2024 8:27 pm