{"id":479108,"date":"2022-07-29T17:39:39","date_gmt":"2022-07-29T14:39:39","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/charles-schwabs-asset-management-arm-launches-crypto-linked-etf\/"},"modified":"2022-07-29T17:39:39","modified_gmt":"2022-07-29T14:39:39","slug":"charles-schwabs-asset-management-arm-launches-crypto-linked-etf","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/charles-schwabs-asset-management-arm-launches-crypto-linked-etf\/","title":{"rendered":"# Charles Schwab&#8217;s asset management arm launches crypto-linked ETF"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36ec592870a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36ec592870a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/charles-schwabs-asset-management-arm-launches-crypto-linked-etf\/#%E2%80%9D_Charles_Schwabs_asset_management_arm_launches_crypto-linked_ETF_%E2%80%9C\" >&#8221; Charles Schwab&#8217;s asset management arm launches crypto-linked ETF &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Charles_Schwabs_asset_management_arm_launches_crypto-linked_ETF_%E2%80%9C\"><\/span>&#8221; Charles Schwab&#8217;s asset management arm launches crypto-linked ETF &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvNDhhNTNlY2ItMmQyYS00YzVjLWEzZDEtZGM4OWQ4YmMwMGE2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-28d77a7a>Schwab Asset Management, the asset management arm of financial giant Charles Schwab, has launched an exchange-traded fund (ETF) with exposure to firms linked to cryptocurrencies.\u00a0<\/p>\n<p>In a Friday announcement, Schwab <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20220728006119\/en\/Schwab-Launches-Its-First-Crypto-related-ETF%E2%80%94the-Schwab-Crypto-Thematic-ETF\">said<\/a> its Crypto Thematic ETF was expected to be available for trading on the New York Stock Exchange\u2019s Arca under the ticker STCE on Aug. 4. The fund tracks Schwab\u2019s Crypto Thematic Index, providing an investment vehicle with exposure to companies \u201cthat may benefit from the development or utilization of cryptocurrencies and other digital assets.\u201d<\/p>\n<p>Likely because the United States Securities and Exchange Commission, or SEC, has not given the green light to ETFs providing direct exposure to Bitcoin (BTC), the Schwab fund will indirectly invest in crypto through companies. Schwab said the firms included those involved in mining and staking as well as those developing <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications on the blockchain or distributed ledger <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>.<\/p>\n<p>\u201cFor investors who are interested in cryptocurrency exposures, there is a whole ecosystem to consider as more companies seek to derive revenue from crypto directly and indirectly,\u201d said David Botset, Schwab Asset Management\u2019s managing director and head of equity product management and innovation.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Schwab Launches Its First Crypto-related ETF\u2014the Schwab Crypto Thematic ETF <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/iVkCYdNUQw\">https:\/\/t.co\/iVkCYdNUQw<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/18rJUZ3phy\">pic.twitter.com\/18rJUZ3phy<\/a><\/p>\n<p>\u2014 Charles Schwab Corp (@CharlesSchwab) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CharlesSchwab\/status\/1553010490447650816?ref_src=twsrc%5Etfw\">July 29, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe anticipated launch of the crypto-linked ETF followed the firm announcing a Crypto Economy ETF in March. According to Schwab, the exposure to companies dealing in cryptocurrencies between the two funds would be similar \u2014 while the former would track the firm\u2019s Crypto Thematic Index, the latter would invest \u201cat least 80% of its net assets\u201d for companies listed on its Crypto Economy Index.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Grayscale reports 99% of SEC comment letters support spot Bitcoin ETF<\/em><\/strong><\/p>\n<p>The SEC has not approved spot Bitcoin ETFs \u2014 those directly investing in the cryptocurrency \u2014 in the United States. However, some asset management firms in the U.S. have launched ETFs offering indirect exposure to crypto through futures contracts, and Canadian regulators first approved a Bitcoin spot ETF from Purpose Investments in February 2021.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/charles-schwab-s-asset-management-arm-launches-crypto-linked-etf\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Charles Schwab&#8217;s asset management arm launches crypto-linked ETF &#8220; Schwab Asset Management, the asset management arm of financial giant Charles Schwab, has launched an exchange-traded fund (ETF) with exposure to firms linked to cryptocurrencies.\u00a0 In a Friday announcement, Schwab said its Crypto Thematic ETF was expected to be available for trading on the New&#8230;<\/p>\n","protected":false},"author":1,"featured_media":479109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvNDhhNTNlY2ItMmQyYS00YzVjLWEzZDEtZGM4OWQ4YmMwMGE2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,75849,117,73711],"class_list":["post-479108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-etf","tag-business","tag-investments"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/479108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=479108"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/479108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/479109"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=479108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=479108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=479108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}