Charles Schwab, an asset management company, allows its clients to purchase all approved Bitcoin spot ETFs, but the company has not yet launched its own Bitcoin investment product. However, experts predict that this situation may soon change as Charles Schwab evaluates its advantages as a latecomer in areas where competitors are eager to gain a leading position.
Eric Balchunas, a senior ETF analyst at Bloomberg, stated in an interview with RIABiz that Schwab’s delay could allow the company to offer lower fees than its competitors. He said, “They might shock the world by offering a product at just 10 basis points (0.1%) within a few months.”
Nate Geraci, President of investment advisory firm The ETF Store, predicted on the X platform that Charles Schwab may soon launch new products. He wrote, “I believe this has become a given.”
In 2022, Charles Schwab is expected to launch its first cryptocurrency-related ETF called the “Schwab Crypto Thematic ETF” (STCE). The fund aims to track Schwab’s “Crypto Thematic Index,” providing investors with opportunities to benefit from the development or adoption of cryptocurrencies and other digital assets worldwide. Companies such as Coinbase, Microstrategy, and Riot Platforms, a cryptocurrency mining company, are included in the index.
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