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Survey: 45% of U.S. Investors Plan to Invest in Crypto ETFs; 62% of Millennials, $9 Trillion Schwab Survey

Oct 10, 2024, 03:04 PM

A recent Charles Schwab survey indicates a significant rise in interest among U.S. investors in cryptocurrency, particularly in crypto exchange-traded funds (ETFs). The survey revealed that 45% of U.S. investors plan to invest in crypto ETFs over the next year, an increase from 38% the previous year. The enthusiasm for crypto is especially pronounced among millennials, with 62% expressing intentions to invest in this asset class. Additionally, nearly half of hedge funds focused on traditional asset classes now have exposure to cryptocurrencies, according to another survey. This growing trend is further underscored by Fidelity's plans to launch a money market fund that may trade on the blockchain, a move aimed at keeping pace with competitors like BlackRock. The data reflects a broader shift in investment strategies as institutional and retail investors alike increasingly turn to digital assets.