Charles Schwab is the latest institutional investor to launch a crypto-related ETF. While it's launching in a crowded space, Schwab said its low fee will help...
Charles Schwab is the latest institutional investor to launch a fund focused on the controversial crypto industry.
Schwab emphasizes in its announcement that the fund will not invest in crypto directly. Instead, it invests in companies that benefit from crypto-related activities, like mining or staking, developing blockchain applications and enabling the use of digital assets to buy or sell goods and services. Buying into a crypto-related ETF may give more risk-averse investors a way to gain exposure to the industry. The prices of cryptocurrencies have plummeted since reaching highs in November, scaring some investors away. The price of Bitcoin is down about 65% since it peaked in early November.
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