“Analysts speculate Jiaxin Wealth Management may introduce a lower-cost Bitcoin ETF”

"Analysts speculate Jiaxin Wealth Management may introduce a lower-cost Bitcoin ETF"

"Analysts speculate Jiaxin Wealth Management may introduce a lower-cost Bitcoin ETF"

Charles Schwab, an asset management company, allows its clients to purchase all approved Bitcoin spot ETFs but has not yet launched its own Bitcoin investment product. However, experts predict that this situation may soon change as Charles Schwab evaluates its advantages as a latecomer in areas where competitors are eager to gain a leading position.

Senior ETF analyst Eric Balchunas from Bloomberg stated in an interview with RIABiz that the delay by Charles Schwab could potentially result in the company offering lower fees compared to its competitors. He said, “They might shock the world and offer a product within a few months with just 10 basis points (0.1%).”

Nate Geraci, President of investment advisory firm The ETF Store, predicted on the X platform that Charles Schwab may soon launch new products. He wrote, “I believe this has become a given.”

In 2022, Charles Schwab will launch its first crypto-related ETF named “Schwab Crypto Thematic ETF” (STCE). The fund aims to track Charles Schwab’s “Crypto Thematic Index” and provide investors with opportunities to benefit from the development or adoption of cryptocurrencies and other digital assets worldwide, such as the exchange Coinbase, MicroStrategy, and cryptocurrency mining company Riot Platforms.

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