Industry analysts expect Charles Schwab may venture into offering a proprietary spot Bitcoin exchange-traded fund (ETF).
According to RIABiz and other media outlets, analysts speculate that the firm — which offers investment products and services, including brokerage and retirement accounts and manages $8.5 trillion in client assets — may launch a spot Bitcoin ETF.
Simply put…
Schwab not gonna sit around & let Fidelity control crypto narrative.
Period.
Too much $$$ at stake w/ these brokerage platforms.
— Nate Geraci (@NateGeraci) January 27, 2024
With a reputation for conservative and thoughtful product development, Schwab may well be waiting to unveil an ETF that not only undercuts the competition with lower fees but also stands the test of time in a tumultuous market—a counter to the more aggressive forays by competitors like Fidelity Investments.
Indeed, while Fidelity…
