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

According to The Block, the asset management company Charles Schwab, currently managing trillions of dollars in assets, has expressed a neutral stance on Bitcoin spot ETFs. Its clients can purchase shares of all approved spot Bitcoin ETFs, but Charles Schwab has not yet launched its own product. Bloomberg senior ETF analyst Eric Balchunas said that this situation may change quickly in the future and the delay of Charles Schwab (in launching a Bitcoin spot ETF) might allow the company to offer lower fees than competitors. ETF expert Nate Geraci also stated that it's only a matter of time before Charles Schwab launches a Bitcoin spot ETF; it's inevitable. Unlike Vanguard, Charles Schwab initially thought cryptocurrencies were too speculative for investors but showed some enthusiasm for the crypto field. This asset management firm supports EDX markets trading platform set to launch in June 2023 along with Fidelity and Citadel Securities.