Demand for digital asset exchange-traded funds (ETFs) isn’t slowing down, with nearly half of all investors surveyed for a new report claiming they were planning to invest in the American crypto products.
It isn’t just the interested boomers buying via brokerage accounts: millennials are also keen to snap up the new products, according to a Thursday report by Charles Schwab.
A total of 45% of respondents said they were planning to invest in digital assets via ETFs over the next year. Last year, that figure stood at 38%.
“ETF investors grew more bullish toward several sectors and styles over the last year, and more of them plan to invest in cryptocurrencies via ETFs,” the report by the banking and investment firm reads.
An ETF is a popular investment vehicle allowing investors to buy shares that track the price of an underlying asset—anything from gold and foreign currencies to Bitcoin and tech stocks.
The U.S. Securities and Exchange Commission (SEC) finally said yes to 11 spot Bitcoin exchange-traded funds in January. The green light—which came after a decade of denials—led to a flood of capital.
Bitcoin’s price rocketed to a new all-time high in March of $73,737 as a result, buoying the industry as a rising tide helped lift blue-chip digital assets.
Paranoid Bitcoin investors have become increasingly convinced that dealings between Coinbase, the biggest crypto exchange in America, and BlackRock, the largest asset manager in the world, may not be entirely on the up and up.
Though a flood of capital into new spot Bitcoin ETFs pushed the price of BTC to a new all-time high in March, just two months after ETFs were approved in the U.S., the price should be much higher today with all those billions flowing into the market, befuddled Bitcoin buye...
Then, in May, the regulator unexpectedly approved eight of the Ethereum equivalents. Before the approvals, investors in the U.S. could only buy crypto futures ETFs.
The Charles Schwab report added that 62% of those who said they were planning on buying the crypto ETFs were millennials; just 44% were Generation X, and 15% were boomers.
The survey interviewed 2,200 individual investors between the ages of 25 and 75 with at least $25,000 in investable assets.
Coinbase has now overtaken two of the world's largest securities exchanges in terms of transaction revenue, according to a crypto analyst from the private bank Coutts.
The crypto exchange generated $5.75 billion in transaction revenue over the past 12 months, compared to just $4.54 billion for the Nasdaq, where many of the world’s most valuable companies, including Apple, Google, and Microsoft, are traded.
Coinbase also surpassed the Stock Exchange of Hong Kong, the HKEX, which generated $2.67 b...
After several extended reviews since June this year, the Securities and Exchange Commission (SEC) has finally approved the first spot exchange-traded funds combining Bitcoin and Ethereum.
The agency has authorized Nasdaq to list the Hashdex Nasdaq Crypto Index US ETF and the Cboe BZX Exchange to list the Franklin Crypto Index ETF, according to a filing released Thursday.
"The proportion of bitcoin and ether to be held by each Trust will be based on free-float market capitalizations," the filing...
Dogecoin (DOGE) fell 12.4% in the past 24 hours as a broader market decline continues, triggered by the Federal Reserve's latest economic outlook.
The meme coin has dropped to $0.31, while trading volume surged 67% to $10.25 billion as holders repositioned their bags. It's now down 35% from its 2024 high of $0.47.
Despite the pullback, Dogecoin's market capitalization remains at $46.6 billion, maintaining its position as the seventh-largest crypto.
Powell's hawkish comments about higher-than-exp...