Charles Schwab to Launch Spot Crypto ETFs if Regulations Change

Asset manager Charles Schwab could enter the crypto exchange-traded fund (ETF) market following comments made by incoming CEO Rick Wurster. Wurster told Bloomberg that the company would offer spot digital currency trading if the U.S. regulatory environment changed. In a November 21 interview, the financial services company’s incoming head said it could make a strategic shift and enter the spot crypto ETF market in anticipation of regulatory changes in the U.S. The $7.13 billion asset manager currently offers its clients indirect exposure to the digital asset market through crypto-linked ETFs and futures.

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