Analyst: Charles Schwab may be interested in joining the spot Bitcoin ETF race

Odaily News There are recent rumors that Charles Schwab is preparing to launch a spot Bitcoin ETF. Analyst Lisa Shidler spoke about the development in an article on riabiz.com, saying: Schwabs attitude towards cryptocurrencies is mysterious. She took a deep look at how Schwab can leverage its massive scale and competitive Low-fee pricing strategy ventures into spot Bitcoin ETF space. In a discussion with Bloomberg Senior ETF Analyst Eric Balchunas, she expanded on the topic: “They could shock the world and launch something like this within a few months. I wouldn’t be surprised. They could have What a clever trick, and they often adopt this post-strike approach. Morningstar analyst Bryan Armor also told Shidler that this approach is a typical operating style of Charles Schwab. Overall, this is consistent with what weve seen from Schwab. Their approach to product development is more methodical than other companies, Armor told reporters. Theyve traded first-mover advantage for a more thoughtful lineup. , you can stick to it for the long term.” Nate Geraci, co-founder of the ETF Institute, also said that Charles Schwab plans to join the spot Bitcoin ETF race and it is a foregone conclusion, which is a matter of time. (Bitcoin.com)