According to a new survey by Charles Schwab (SCHW), nearly half of American investors plan to allocate capital to exchange-traded funds (ETFs) that hold cryptocurrencies.
About 45% of survey respondents said they plan to invest in crypto ETFs over the next year. That’s up from 38% in a similar survey conducted a year earlier.
Among millennial investors, cryptocurrencies are the most popular asset class with 62% saying they plan to put money towards ETFs focused on digital coins and tokens.
Older investors and those in the Baby Boomer demographic are less enthusiastic about crypto, with only 15% of respondents planning to invest in Bitcoin (BTC) or Ethereum (ETH) ETFs.
The survey asked 2,200 investors between the ages of 25 and 75 with at least $25,000 U.S. to invest what their intentions were for the next year.
Charles Schwab says the survey results portend good things for crypto-focused ETFs, which are being marketed as a way to diversify an investment portfolio.
U.S.-listed spot Bitcoin ETFs have attracted nearly $20 billion U.S. of investor capital since they launched in January of this year. Ethereum ETFs were approved in the U.S. in June.
There is speculation that other crypto ETFs will come to market in coming years, including ones focused on digital tokens such as Solana (SOL) and Cardano (ADA).
