Bloomberg ETF analyst: Charles Schwab will launch its own Bitcoin spot ETF

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Cointime2024/01/29 01:15

By:Cointime

Charles Schwab, a multi-trillion-dollar asset management company, has expressed its middleman position on Bitcoin spot ETF. Its customers can buy stocks of all approved spot Bitcoin ETFs, but Charles Schwab has not yet launched a proprietary product.

Eric Balchunas, a senior ETF analyst at Bloomberg, said that this situation may change soon in the future, and the delay of Charles Schwab (launching Bitcoin spot ETF) may allow the company to offer lower fees than competitors.

ETF expert Nate Geraci also said that Charles Schwab launching a Bitcoin spot ETF can only be earlier rather than later, and this has become a foregone conclusion.

Unlike Vanguard, Charles Schwab initially believed that cryptocurrency was too speculative for investors, so it showed some enthusiasm for the cryptocurrency field. The asset management company supported the EDX markets trading platform, which will be launched in June 2023, together with Fidelity and Citadel Securities.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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The Block•2025/01/29 18:55