U.S. Investors Show Growing Interest in Crypto ETFs, with 45% Planning to Invest in the Next Year

U.S. investors are really interested in exchange-traded funds (ETFs) that include cryptocurrencies. A recent survey by Charles Schwab shows just how strong this interest is.

About 45% of the people surveyed said they plan to invest in crypto through ETFs in the next year. That’s up from 38% last year. This level of interest beats out bonds and other alternative assets. Only investments in U.S. stocks did better, with 55% of participants planning to invest there.

Among millennial ETF investors, the interest in crypto is even higher. A striking 62% of them want to put money into cryptocurrencies. In comparison, only 48% plan to invest in U.S. stocks, 47% in bonds, and 46% in real assets like commodities.

However, older investors, particularly boomers, are less enthusiastic. Only 15% of them indicated plans to invest in digital assets.

Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, called the survey results “pretty stunning.”

This survey included 2,200 individual investors aged 25 to 75, all with at least $25,000 to invest. The findings could give a boost to the growing number of crypto-focused ETFs. These funds are marketed as a way to diversify traditional investment portfolios, which usually consist of stocks and bonds.

U.S.-listed spot bitcoin ETFs have been doing well. They’ve attracted nearly $19 billion in net inflows since their launch in January. On the other hand, spot ether ETFs have struggled since they launched a few months later. Outflows from the existing Grayscale Ethereum Trust have outpaced inflows into newer options. Overall, the group has seen net outflows exceeding $500 million, according to Farside Investors.