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