U.S.
investors
are
very
much
keen
on
investing
in
exchange-traded
funds
(ETF)
that
hold
cryptocurrencies,
a
new
survey
commissioned
by
financial
services
giant
Charles
Schwab
showed
on
Thursday.
Some
45%
of
respondents
said
they
plan
to
invest
in
crypto
via
ETFs
over
the
next
year,
up
from
38%
a
year
earlier,
surpassing
demand
for
bonds
and
alternative
assets.
Only
U.S.
equities
fared
better,
with
55%
of
participants
planning
to
invest.
Among
millennial
ETF
investors,
though,
crypto
was
the
leading
asset
class,
with
62%
saying
they
plan
to
allocate
to
that
sector
versus
only
48%
for
U.S.
stocks,
47%
for
bonds
and
46%
for
real
assets
such
as
commodities.
Boomer
ETF
investors
were
much
less
keen
on
digital
assets,
with
only
15%
of
the
respondents
having
plans
to
invest.
“Pretty
stunning,”
Eric
Balchunas,
senior
ETF
analyst
at
Bloomberg
Intelligence,
said
about
crypto’s
high
ranking
in
investment
plans
in
the
survey.
The
implications
of
the
survey,
which
asked
2,200
individual
investors
between
the
age
of
25
and
75
with
at
least
$25,000
to
be
invested,
could
be
a
boost
for
the
nascent
and
growing
class
of
crypto-focused
ETFs,
which
are
being
marketed
as
a
diversification
tool
for
traditional
investment
portfolios
of
stocks
and
bonds.
While
U.S.-listed
spot
bitcoin
ETFs
hardly
need
the
help,
having
attracted
nearly
$19
billion
of
net
inflows
since
their
debut
in
January,
spot
ether
ETFs
have
languished
on
a
relative
and
absolute
basis
since
their
launch
a
few
months
later.
Exits
from
the
incumbent
Grayscale
Ethereum
Trust
have
overwhelmed
inflows
into
the
newer
entrants,
with
net
outflows
for
the
group
as
a
whole
topping
more
than
$500
million,
according
to
Farside
Investors.