Bitcoin ETF

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Industry analysts expect Charles Schwab may venture into offering a proprietary spot Bitcoin exchange-traded fund (ETF). 
According <a href="https://riabiz.com/a/2024/1/27/schwab-only-platforms-third-party-spot-bitcoin-etfs-mostly-fidelity-and-blackrock-but-dont-be-surprised-if-it-shocks-the-world-with-deep-cheap-etf-analyst-says" data-type="link" data-id="https://riabiz.com/a/2024/1/27/schwab-only-platforms-third-party-spot-bitcoin-etfs-mostly-fidelity-and-blackrock-but-dont-be-surprised-if-it-shocks-the-world-with-deep-cheap-etf-analyst-says" target="_blank" rel="noopener">to</a> RIABiz and other media outlets, analysts speculate that the firm — which offers investment products and services, including brokerage and retirement accounts and manages $8.5 trillion in client assets — may launch a spot <a href="https://crypto.news/?s=bitcoin+etf" target="_blank" rel="noreferrer noopener">Bitcoin ETF</a>. 
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 Simply put… Schwab not gonna sit around &amp; let Fidelity control crypto narrative. Period. Too much $$$ at stake w/ these brokerage platforms.— Nate Geraci (@NateGeraci) <a href="https://twitter.com/NateGeraci/status/1751083135024898558?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 27, 2024</a>
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With a reputation for conservative and thoughtful product development, <a href="https://crypto.news/?s=charles+schwab" target="_blank" rel="noreferrer noopener">Schwab</a> may well be waiting to unveil an ETF that not only undercuts the competition with lower fees but also stands the test of time in a tumultuous market—a counter to the more aggressive forays by competitors like Fidelity Investments. 
Indeed, while Fidelity has rapidly <a href="https://crypto.news/fidelitys-spot-bitcoin-etf-reaches-1b-inflows/" target="_blank" rel="noreferrer noopener">gained</a> ground in the ETF space and BlackRock is making its presence felt, Schwab has maintained a balanced stance by making all 11 existing ETFs available on its platforms, sidestepping the need to promote a proprietary product and dodging any conflicts of interest. However, this could be part of a calculated strategy. 
Insiders suggest that Schwab’s deliberate pace might translate to reduced fees due to the ‘second-mover advantage,’ possibly underpricing the competition in this fee-sensitive market.&nbsp; 
 You might also like: <a href="https://crypto.news/blackrock-and-fidelity-lead-billion-dollar-spot-bitcoin-etf-race/"> BlackRock and Fidelity lead billion-dollar spot Bitcoin ETF race </a> 
Even amidst the restructuring and layoffs, Schwab’s online messaging has maintained a cautious stance, encouraging investors to weigh the risks carefully.&nbsp; 
This conservative approach could well be setting Schwab up not just to enter the fray but to redefine it entirely, offering investors a potent mix of financial savvy and cost-effectiveness that could, as Eric Balchunas, a senior ETF analyst at Bloomberg, <a href="https://riabiz.com/a/2024/1/27/schwab-only-platforms-third-party-spot-bitcoin-etfs-mostly-fidelity-and-blackrock-but-dont-be-surprised-if-it-shocks-the-world-with-deep-cheap-etf-analyst-says" target="_blank" rel="noreferrer noopener">hinted</a>, “shock the world.” 
In a recent post on X, crypto expert Nate Geraci expressed his belief that a forthcoming offering from Schwab is imminent. He confidently stated, “It’s a foregone conclusion,” indicating strong certainty about the timeline. 
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 "They may shock the world &amp; offer something that’s 10bps in a few months.” –<a href="https://twitter.com/EricBalchunas?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@EricBalchunas</a> Schwab to enter spot bitcoin ETF race? I say it’s already foregone conclusion. Agree w/ Eric &amp; believe will happen (sooner rather than later). via <a href="https://twitter.com/lisshidler?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@lisshidler</a> <a href="https://t.co/5yr2y7gBhi" target="_blank">https://t.co/5yr2y7gBhi</a> <a href="https://t.co/hHp6gh4FNL" target="_blank">pic.twitter.com/hHp6gh4FNL</a>— Nate Geraci (@NateGeraci) <a href="https://twitter.com/NateGeraci/status/1751082121605628377?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 27, 2024</a>
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Moreover, Schwab’s non-committal response to inquiries about their plans may indicate a shrewd and disruptive strategy. 
The financial giant has historically taken a cautious approach to new products, often forging a path distinct from contemporaries with ultra-competitive pricing as a critical differentiator.&nbsp; 
As the Bitcoin market fluctuates, Schwab seemed content observing from the sidelines. But as Balchunas suggests, it may be a matter of time before the firm makes a potentially industry-altering move. 
 Read more: <a href="https://crypto.news/google-new-ad-policy-boosts-bitcoin-etf-visibility/"> Google to tweak crypto ad policy, amplify Bitcoin ETF visibility </a>

Charles Schwab makes strategic play for Bitcoin ETF, analysts say

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