Bitcoin ETF

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The broader digital currency ecosystem is a major hotspot, and Charles Schwab is set to jump on the bandwagon.<a href="https://x.com/NateGeraci/status/1861675163991040481" rel="noopener noreferrer nofollow">According</a> to a spokesperson for the $7.13 trillion asset management firm, it is ready to commence crypto trading as soon as regulatory clarity is secured.Charles Schwab difference 
Many asset management firms are starting to offer crypto to their clients. As shared in a scoop spotlighted by ETF Store President Nate Geraci, some of Schwab’s clients are beginning to demand crypto-related products.
While the firm has yet to give an official update on its move for crypto, the spokesperson confirmed that the company is keeping a close eye on the trends.
Specifically, Charles Schwab's incoming CEO, Rick Wurster, said the plan remains to offer crypto directly to the market. He claims the firm plans to "Schwabize the crypto market" by eliminating the spread and commissions on the digital currency market to offer clients a better deal.
<blockquote class="twitter-tweet">
 Schwab spokesperson…Company plans to offer spot crypto trading once the expected regulatory shifts occur.CEO: “We also would like to directly offer crypto &amp; Schwabize the crypto market.”Can’t overstate how big of a deal this is.via <a href="https://twitter.com/strack_ben?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@strack_ben</a> <a href="https://t.co/GkRFoMNkkd" rel="noopener noreferrer nofollow">pic.twitter.com/GkRFoMNkkd</a>— Nate Geraci (@NateGeraci) <a href="https://twitter.com/NateGeraci/status/1861675163991040481?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 27, 2024</a>
</blockquote>
It remains to be seen how the firm plans to do this, as many of its peers operate functional over-the-counter (OTC) trading.
In Nate Geraci’s opinion, the size of Charles Schwab's current commitment to the crypto industry cannot be overstated.
<h2 id="spot-bitcoin-etf-way">Spot Bitcoin ETF way</h2>
Top institutional investment firms are getting involved with the crypto ecosystem differently. While companies like MicroStrategy have resorted to<a href="https://u.today/54-billion-microstrategy-announces-record-breaking-bitcoin-purchase" rel="noopener noreferrer nofollow">buying Bitcoin</a> from the open market, some have chosen the spot BTC ETF route.
Asset managers like Susquehanna International Group chose to<a href="https://u.today/trading-giant-susquehanna-holds-1-billion-in-bitcoin-etfs" rel="noopener noreferrer nofollow">gain exposure</a> to Bitcoin through ETF offerings. These investment vehicles have leveled the playing field for cryptocurrencies and the traditional final market. With it, conservative investors can get fully into the industry.
It remains unclear how Charles Schwab can enter the spot Bitcoin ETF niche. However, with<a href="https://u.today/cftc-approves-bitcoin-etf-options-btc-price-soars-above-91000" rel="noopener noreferrer nofollow">options products</a> now approved for the offering, the possibilities for the firm are growing. <a href="https://u.today/713-trillion-charles-schwab-ready-to-go-big-on-crypto" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

$7.13 Trillion Charles Schwab Ready to Go Big on Crypto

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