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.
Anthony Pompliano has voiced strong opposition to Donald Trump’s recent push to remove Federal Reserve Chair Jerome Powell, warning that such a move could damage the credibility of the U.S. financial system.
As Washington pulls back on its crypto enforcement, Oregon is stepping up.
In a move that underscores its ambition to bridge crypto and traditional finance, Ripple is expanding the role of its newly acquired prime brokerage platform, Hidden Road.
HashKey Capital has officially launched Asia’s first XRP Tracker Fund, providing professional investors with regulated exposure to XRP without the need for direct ownership.