Analysts predict Charles Schwab will eventually offer its own Bitcoin ETF | Headlines | News | CoinMarketCap
01/29/2024 01:18
As Fidelity's spot Bitcoin ETF battles with BlackRock's offering for the top slot and Vanguard shies away from crypto altogether, multi-trillion …
As Fidelity's spot Bitcoin ETF battles with BlackRock's offering for the top slot and Vanguard shies away from crypto altogether, multi-trillion dollar asset manager Charles Schwab has so far staked out a centrist position. Schwab customers are able to buy shares in all approved spot Bitcoin ETFs, but Schwab has yet to create a propriety offering.
However, that may soon change in the future, experts predict, as Schwab weighs the advantage of moving second in a field where other entrants rushed to be first. "The customers are so loyal and products are so cheap they don't have to be in any rush. Rain or shine, the flows come in,” Bloomberg senior ETF analyst Eric Balchunas told RIABiz.
Balchunas speculated that Schwab's delay may allow the firm to offer lower fees than its …