What happened?
According to a survey by the asset management company Charles Schwab, cryptocurrencies have become the second most favored asset class for ETF investors.
In other words, what ETFs to buy? In addition to US stock ETFs, many investors are also willing to invest in cryptocurrency ETFs. 45% of ETF investors plan to invest in cryptocurrency ETFs, highlighting the importance of cryptocurrency ETFs in the minds of investors and demonstrating the growing demand for such products.
Eric Balchunas, an ETF analyst at Bloomberg Intelligence, pointed out that nearly half of the Charles Schwab respondents said they plan to invest in cryptocurrency ETFs, a higher proportion than bonds, international markets, or alternative investment categories.
Cryptocurrency ETFs have become the new favorite of US ETFs. According to survey charts, the position of cryptocurrencies in the purchase of ETFs by investors continues to rise, even surpassing bond and real estate ETFs to become the second most popular investment category.
The survey indicated that a whopping 62% of respondents expressed interest in investing in cryptocurrency ETFs. Among millennial ETF investors, cryptocurrencies have surpassed stocks to become the preferred asset, reflecting the high interest and acceptance of cryptocurrencies by the younger generation.
From 2024 to present, a total of 13 cryptocurrency ETFs have made it to the “Top 25 ETF Issuance Lists with the Largest Annual Inflows,” further proving the increasing demand for cryptocurrency ETFs in the market.
The inflow of funds for Bitcoin ETFs has been substantial, with BlackRock’s Bitcoin spot ETF seeing nearly $21 billion in fund inflows as of August, followed closely by Fidelity with nearly $10 billion. Additionally, both ARK 21Shares and Bitwise each had fund inflows of $2 billion.
Ethereum ETFs have also attracted over $1 billion in fund inflows. iShares Ethereum ETF performed the best among similar products, attracting over $1 billion in fund inflows to become the leader in Ethereum ETFs.
According to Bloomberg Intelligence analyst James Seyffart, the options for Bitcoin spot ETFs are expected to be launched in the US in the first quarter of 2025, which will further drive the market demand for this product.
Despite the high demand for cryptocurrency ETFs in the market, the survey by Charles Schwab also indicated that while investors have a strong demand for cryptocurrency ETFs, such products have not yet been launched.
Nate Geraci, President of ETF Store, expressed surprise on the X platform, stating, “Charles Schwab has such data, yet has not launched a Bitcoin spot ETF, which is really incredible.”
With the continued popularity of cryptocurrency ETFs, the market is also eagerly awaiting large asset management companies such as Charles Schwab to quickly follow this trend and further meet the needs of investors.