A recent study by financial services firm Charles Schwab highlights the growing and notable acceptance of bitcoin (BTC) and cryptocurrencies as a valid asset class for investment portfolios on Wall Street. This, along with bonds or fixed income.
The survey, which consulted to 2,000 investors, shows that exchange-traded funds (ETFs) based on cryptoassets They are in second place in investment preferences, with 45% of investors.
This is an identical percentage to the one they plan to assign to bond or fixed income ETFs, a category traditionally seen as a pillar of stability and diversification in portfolio management.
All this data can be seen in the graph below:
Change the perception about bitcoin
This tie in investment plans underscores a significant change in perception. Indicates that BTC and cryptocurrencies are no longer considered just a niche or highly speculative investment for a considerable portion of ETF investors.
Instead, the cryptocurrency sector is establishing itself as a primary option for capital allocation. A trend that probably responds to the pursuit of high returns and diversification that is poorly correlated with traditional assets.
Bloomberg Intelligence ETF Specialist Eric Balchunas rated the result as “quite impressive.” Especially considering that “cryptocurrencies represent only 1% of the total assets under management of ETFs, while bonds reach 17%.”
BTC and cryptocurrency ETFs were only surpassed in popularity by US Equities ETFs, which garnered 52% of investment intent.
This distribution indicates strong confidence in the US stock market, but also marked interest in bitcoin and cryptocurrencies as regulated exhibition vehicles.
This scenario is consistent with the success that spot bitcoin ETFs have had since their launch in January 2024, as reported by CriptoNoticias.
The positive performance, coupled with favorable regulations, has driven applications for new investment vehicles based on digital assets in the United States. Among them, the interest generated by recent ETF debuts in other cryptocurrencies stands out. This was exactly what happened last week with solana (SOL).