GLOBAL INFLUENCER CHARLES SCHWAB : Crypto ETFs Leap to Outrun Traditional Investment Options in Popularity According to a Charles Schwab survey Cryptocurrency exchange -traded funds (ETFs) have risen to the peak of investment choices to be acquired followed only by equities.
The recent research shows that about 45% of the pool of ETF investors plan to invest in cryptocurrency products, thus overshadowing fixed-income securities. This increase in crypto ETF interest is highly seen among gen-z investors, indeed digital assets have surpassed equities as the most desired investment vehicle. Over 62% more of this millennial ETF investors have shown intention to add cryptocurrency in their portfolio.
The popularity of Crypto ETFs isn’t just theoretical- their popularity is clearly reflected in real market performance. Among the roughly 400 new ETFs to launch in 2024,the cryptocurrency products have gained the Frontline with their success stories. Bloomberg Intelligence ETF analyst Eric Balchunas said the Results of that survey are “pretty stunning”, underlining how unexpected it is for crypto to be favoured over bond, international equity, and alternatives.
Some statistics; Black rock’s ishares Bitcoin Trust, IBIT, leads the trail this year, amassing about $21 billion in inflows through August. Next up is Fidelity’s wise Origin Bitcoin Fund, FBTC, with nearly $10 billion in net inflows, while the ARK 21Shares Bitcoin ETF, ARKB and Bitwise Bitcoin ETF Trust, BITB, have each racked in about $2 billion . Showing an undeniable market appetite, some established players have kept themselves on the sidelines. Nate Geraci, president of the ETF store, said it was ironic that “Schwab has this data and still has not launched spot crypto ETFs,” and how maybe that could be a different outcome for those traditional investment houses.
