US Investors Want to up Their Crypto Holdings: Charles Schwab
By Mathew Di Salvo
AI summary of the source article
Charles Schwab’s Modern Wealth Survey revealed that 60% of existing cryptocurrency investors plan to expand their holdings over the next 12 months. This appetite outpaced interest in traditional asset classes, including exchange-traded funds at 56%, stocks at 52%, bonds at 42%, and mutual funds at 41%. The research showed that one in five Americans owns cryptocurrency, while nearly half of active investors hold digital assets. Charles Schwab, the largest custodian for registered investment advisors, has rolled out direct bitcoin trading via Schwab Crypto, crypto-linked ETFs, and bitcoin futures to its retail client base.
Why it matters
The survey highlights how major brokerages like Charles Schwab are responding to persistent digital asset demand by integrating crypto trading and thematic index products directly into retail platforms.
Key facts
- Six in 10 current crypto investors plan to increase their holdings over the next 12 months.
- One in five Americans owns cryptocurrency, and nearly half of investors hold crypto assets.
- Schwab clients hold more than 20% of all crypto exchange-traded products across the industry, according to CEO Rick Wurster.