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On January 28th, there were rumors circulating that Charles Schwab is preparing to launch a spot Bitcoin ETF.
Analyst Lisa Shidler discussed this development in an article on riabiz.com, stating, "Charles Schwab's attitude towards cryptocurrency is mysterious." She delved into how Charles Schwab might leverage its substantial scale and competitively low pricing strategy to enter the realm of spot Bitcoin ETFs.
In a discussion with Bloomberg Senior ETF Analyst Eric Balchunas, she further explored the topic, saying, "They might shock the world and come out with such a product within a few months. I wouldn't be surprised. They might have some tricks up their sleeves, and they often take this 'wait-and-see' approach."
Morningstar analyst Bryan Armour also conveyed to Shidler that this approach aligns with Charles Schwab's typical operational style. "Overall, this is consistent with what we see from Charles Schwab. Their product development approach is more methodical than other firms," Armour told reporters. "They've traded a first-mover advantage for a more thoughtful lineup that can be sustained over the long term." Nate Geraci, co-founder of the ETF Institute, also mentioned that it is inevitable for Charles Schwab to enter the spot Bitcoin ETF competition; it's just a matter of time. |
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Post time 13-2-2024 06:40:09