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💰 tradfi x defi
what a pleasant surprise!
schwab asset management, the $655b arm of charles schwab, is launching a crypto etf expected to start trading this week
⏰ it will be $stce
some highlights:
first day of trading is expected to be this thursday
its prospectus states that the etf is “designed to deliver global exposure to companies that may benefit from the development or utilization of cryptocurrencies (including bitcoin) and other digital assets, and the business activities connected to blockchain and other distributed ledger technology”
so if all works out, this could be a way for one to diversify and add crypto exposure to their portfolio without having to directly own cryptocurrencies themselves, which could supposedly be less volatile
expense ratio: 0.300%
not the best, but given how profitable crypto exposure can be (in a bull market scenario), im not complaining
etf price is designed to follow the schwab crypto thematic index
imo:
there’s still a significant number of investors (traditional / large capital) that are refraining from putting money into crypto or creating a wallet for that matter
this will be an opportunity for a new wave of investors trying out crypto (at least once the bear market’s over!)
💡 something im thinking about
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