As a seasoned analyst with over two decades of experience in the financial markets, I find the latest findings from Charles Schwab’s survey quite intriguing and, to some extent, not entirely surprising. Having witnessed the meteoric rise and fall of various asset classes throughout my career, I can attest that investor behavior is often driven by a complex interplay of factors, including fear, greed, and anticipation of future returns.
As per a recent survey from Charles Schwab, a large financial services corporation based in Texas, approximately 45% of Exchange Traded Fund (ETF) investors are looking to invest in cryptocurrencies.
In fact, cryptocurrencies ended up higher than bonds (44%) and international equities (27%).
Eric Balchunas, one of the leading ETF analysts, described the results as “pretty stunning.”
It’s noteworthy that, prior to the introduction of Bitcoin ETFs, cryptocurrencies were among the preferred investments for those considering Exchange Traded Funds (ETFs), as indicated in an older Charles Schwab survey.
Based on Balchunas’ latest findings, it appears that current investor interest in cryptocurrencies has not been fully satisfied.
Other findings
According to the latest study, what matters most to Exchange-Traded Fund (ETF) investors is the overall cost and the provider’s standing. It’s worth noting that younger investors often pay attention to additional aspects like liquidity and trading volume, too.
The vast majority of ETF buyers (65%) plan to increase their exposure in the next year.
The study indicates that accumulating wealth, adjusting investments, safeguarding against losses, optimizing taxes, among other factors, are key motivations behind purchasing these products.
More outflows
On October 9th, Bitcoin ETFs experienced an overall withdrawal of approximately $30.6 million, marking the second straight day with outgoing funds. Interestingly, just two days prior, on October 7th, these same products saw a significant inflow of around $233 million.
Meanwhile, the Bitcoin price recently collapsed below the $59,000 level.
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2024-10-10 23:05