Bitcoin

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
According to a recent <a href="https://content.schwab.com/web/retail/public/about-schwab/Schwab-ETFs-and-Beyond-Study-2024_findings.pdf">survey</a> published by Texas-based multinational financial services company Charles Schwab, nearly half of ETF investors (45%) plan to gain exposure to cryptocurrencies.&nbsp;
In fact, cryptocurrencies ended up higher than bonds (44%) and international equities (27%).&nbsp;
Eric Balchunas, one of the leading ETF analysts, described the results as "pretty stunning."&nbsp;
It is worth noting cryptocurrencies were also one of the top choices for ETF investors in an older Charles Schwab survey that was published before the launch of Bitcoin ETFs.&nbsp;
According to Balchunas, the most recent results show that investor demand for cryptocurrencies is yet to be met.&nbsp;
<h2 id="other-findings">Other findings&nbsp;</h2>
The recent survey shows that the total cost and the reputation of a specific ETF provider are the most important factors for ETF investors. Notably, younger investors also tend to be interested in a broader range of factors (such as liquidity and trading volume).&nbsp;
The vast majority of ETF buyers (65%) plan to increase their exposure in the next year.&nbsp;
The survey also shows that the top reasons for buying these products include building wealth, rebalancing, downside protection, tax optimization, and so on.&nbsp;
<h2 id="more-outflows">More outflows&nbsp;</h2>
On Oct. 9, Bitcoin ETFs recorded a total of $30.6 million worth of outflows. This was the second consecutive day of negative flows. However, these products recorded a whopping $233 million worth of inflows on Oct. 7.&nbsp;
Meanwhile, the Bitcoin price recently collapsed below the $59,000 level.&nbsp;

ETF Investors Prefer Crypto Over Bonds: Schwab Survey

Table of Contents

U_Today

Other articles published on Oct 10, 2024

Toncoin Price Prediction 2024 – 2030: Will TON Price Hit $10 In Q4?

US Payment Company Stripe Makes a Rapid Return to Crypto! Ethereum (ETH) and These Two Altcoins W...

Stablecoins payment feature used in over 70 countries 24-hours after relaunch, Stripe says

Is The Crypto Market Heading Towards An Imminent Uptober?

ZachXBT vs. Murad Mahmudov: Doxxing Debate Shakes Crypto Twitter

MILLIONS of Crypto VC Funding Is Flowing Into These Altcoins

Join our free newsletter for daily crypto updates!