Crypto ETFs Still Hot, With Nearly 50% of U.S. Investors Planning to Buy: Charles Schwab

Crypto ETFs continue to attract significant interest from investors, with nearly half of all investors in the US expressing their intention to invest in these digital asset products, according to a report by Charles Schwab. The demand isn’t limited to older investors, as millennials are also keen on purchasing crypto ETFs. The report highlights that 45% of respondents plan to invest in digital assets through ETFs in the coming year, a notable increase from last year’s figure of 38%. The approval of 11 Bitcoin ETFs by the US Securities and Exchange Commission in January, followed by the unexpected approval of eight Ethereum equivalents in May, has contributed to the surge in interest. The report also reveals that 62% of those planning to invest in crypto ETFs are millennials, 44% are from Generation X, and 15% are boomers. The survey was conducted among 2,200 individual investors aged 25 to 75 with a minimum of $25,000 in investable assets.