Charles Schwab recentyl revealed that 45% of ETF investors are looking to gain exposure to cryptocurrencies, surpassing interest in bonds (44%) and international equities (27%).
ETF expert Eric Balchunas called these findings “pretty stunning.”
Cryptocurrencies had already emerged as a popular choice in a previous Charles Schwab survey, conducted before the introduction of Bitcoin ETFs. Balchunas believes this new data highlights that investor demand for crypto exposure still hasn’t been fully met.
The latest survey also shows that for ETF investors, factors like total cost and the reputation of the provider are the most significant considerations. Younger investors, in particular, show more interest in additional aspects like liquidity and trading volume.
A majority of ETF investors (65%) plan to increase their holdings within the next year, with top motivations being wealth building, rebalancing, protection from downside risk, and tax optimization.
Meanwhile, Bitcoin ETFs have seen mixed flows, with $30.6 million in outflows on Oct. 9, marking the second consecutive day of negative flows, following significant inflows of $233 million on Oct. 7.
Online trading platform eToro has increased the scale of its initial public offering to $620 million after pricing its shares higher than originally expected.
Investor sentiment got a lift this week as markets rallied on easing trade tensions, cooler inflation data, and strong momentum from tech and crypto sectors. While global uncertainties remain, a series of bullish triggers reignited optimism across asset classes.
Tether has entered the Thai market with its tokenized gold asset, as local exchange Maxbit becomes the first in the country to list the product.
As Coinbase counts down to its inclusion in the S&P 500 on May 19, the company’s CEO Brian Armstrong is already looking beyond the milestone.