Home News Charles Schwab files for Crypto ETF

Charles Schwab files for Crypto ETF

Due to demand Charles Schwab has filed for a Crypto ETF. The ETF would buy stocks via its Crypto Index, that give investors access to assets by investing in businesses that deal with crypto. From the filing “The fund may have indirect exposure to cryptocurrencies by virtue of its investments in companies that use one or more digital assets as part of their business activities or that hold digital assets as proprietary investments.”

ETF Newz Says: Based on the demand, Schwab estimates that 16% of its clients will put money into cryptocurrencies in the first half of the year.