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.
Jonathan Mann, the creator behind the long-running “Song A Day” project, has turned his crypto misfortune into a musical cautionary tale.
Elon Musk’s financial standing has taken a major hit, with his net worth shrinking by $70 billion since his public fallout with Donald Trump.
UBS analyst Brian Meredith has revised his outlook on Berkshire Hathaway’s Class B shares, trimming the price target from $606 to $591, while maintaining a “buy” rating.
In a move not seen in decades, the U.S. Treasury Department has initiated a historic $10 billion bond buyback—its largest ever—targeting securities set to mature between mid-2025 and mid-2027.