$9.9 Trillion AUM Charles Schwab’s Crypto ETF Plan Awaits Trump-Era Reforms

BE[IN]CRYPTO11-22 19:39

Schwab plans to enter the spot crypto ETF market, pending regulatory clarity under Trump’s administration. Internal research reveals nearly 50% of clients plan to invest in crypto-related ETFs within ...

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Wurster, who is set to take over in January, cited the potential for favorable regulatory changes under President-elect Donald Trump’s administration.Schwab has been actively exploring the crypto space through ETFs and futures. Its Crypto Thematic ETF  focuses on businesses engaged in cryptocurrency mining, trading, and blockchain technology.“We will get into spot crypto when","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","BK4127":"投资银行业与经纪业","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","SG9999001077.SGD":"United International Growth Fund SGD","SG9999014013.SGD":"United Global Durable Equities Fund Dis SGD","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY  \"A4\" (USD) INC","FDN":"First Trust Dow Jones Internet I","SG9999014039.USD":"UNITED GLOBAL DURABLE EQUITIES (USDHDG) INC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","SG9999014005.SGD":"United Global Durable Equities Fund Acc SGD","BK4585":"ETF&股票定投概念","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU1861217088.USD":"贝莱德金融科技A2","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0106831901.USD":"贝莱德世界金融基金A2","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","STCE":"Schwab Crypto Thematic ETF","BK4550":"红杉资本持仓","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4588":"碎股","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0971096721.USD":"富达环球金融服务 A","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","SCHW":"嘉信理财","BK4589":"SVB概念","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4581":"高盛持仓","LU0345774391.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4504":"桥水持仓","SG9999014021.USD":"UNITED GLOBAL DURABLE EQUITIES (USDHDG) ACC"},"translate_title":"资产管理规模达9.9万亿美元嘉信理财的加密ETF计划等待特朗普时代的改革","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STCE":1,"SCHW":1,"FDN":1},"content_text":"Schwab plans to enter the spot crypto ETF market, pending regulatory clarity under Trump’s administration.\nInternal research reveals nearly 50% of clients plan to invest in crypto-related ETFs within the next year.\nAnticipated regulatory reforms under Trump aim to make the US a leader in crypto innovation.\n\nCharles Schwab, the financial behemoth with over $9.9 trillion in assets under management (AUM), is preparing to venture into the spot crypto ETF (exchange-traded fund) market.\nHowever, the move hinges on regulatory clarity in the US, according to incoming CEO Rick Wurster, who made the revelation in a Thursday interview with Bloomberg Radio. Wurster, who is set to take over in January, cited the potential for favorable regulatory changes under President-elect Donald Trump’s administration.\nCharles Schwab Eyes Spot Crypto ETF Market\nSchwab has been actively exploring the crypto space through ETFs and futures. Its Crypto Thematic ETF (STCE) focuses on businesses engaged in cryptocurrency mining, trading, and blockchain technology.\nNevertheless, STCE does not directly invest in digital assets. However, the firm’s readiness to offer direct trading signals a significant shift. This reflects the growing pressure on Wall Street to meet the retail and institutional demand for crypto products.\n\n“We will get into spot crypto when the regulatory environment changes,” Wurster said.\n\nThe statement mirrors Schwab’s cautious yet ambitious approach. The firm’s internal surveys conducted in October revealed strong client interest. Specifically, nearly half of respondents said they plan to invest in crypto-related ETFs over the next year. The survey caught the attention of both Eric Balchunas and Nate Geraci, experts in the ETF space.\nCharles Schwab Internal Survey. Source: October 2024 Press Release\nTrump Administration’s Pro-Crypto Agenda\nThe anticipation of regulatory clarity stems from Trump’s campaign promises. The president-elect made a range of promises, including establishing a Bitcoin reserve, safeguarding crypto mining, and implementing industry-friendly policies. Trump’s pledge to fire SEC Chair Gary Gensler was a key part of his crypto-focused platform.\nIn a surprise announcement on Thursday, Gensler confirmed he would resign by January 20, 2025. In his farewell speech, he defended his tenure while admitting that crypto regulation remains a work in progress. Gensler acknowledged that changing the SEC’s approach to digital assets would be crucial for maintaining investor trust.\nUnder Trump’s leadership, experts predict a significant shift in the US regulatory environment. Trump’s policies aim to align the country with global crypto hubs, fostering innovation while addressing security and compliance concerns. Analysts suggest that these changes could attract more institutional players like Schwab, positioning the US as a leader in the crypto space.\nWurster expressed optimism about these developments, emphasizing that regulatory clarity would enable Schwab to offer a broader range of crypto products. While acknowledging his personal lack of crypto investments, he recognized the market’s appeal.\n\n“Crypto has certainly caught many’s attention, and they’ve made a lot of money doing it. I have not bought crypto, and now I feel silly,” he admitted.\n\n\nRick Wurster, Incoming Schwab CEO, Says He Anticipates Crypto Regulation Will Change\nThe push for spot crypto offerings has also attracted external interest. VanEck’s head of digital assets research, Matthew Sigel, revealed that a crypto asset manager has approached Schwab for potential collaboration, signaling the industry’s eagerness to align with established financial giants.\n\n“Hearing a certain crypto asset manager went into Schwab today pitching a partnership,” Sigel said.\n\nThis interest aligns with the broader trend of traditional finance (TradFi) embracing crypto. Schwab’s entry into the spot market would represent a milestone for the firm and for the mainstream adoption of digital assets.\nDespite the positive momentum, Schwab faces challenges, including operating within a competitive crypto playing field. Platforms like Robinhood have gained significant traction among retail investors, offering seamless crypto trading experiences. Schwab’s ability to differentiate itself through strong offerings and trust built over decades will be critical.\nMoreover, regulatory uncertainties still loom. While Trump’s administration promises a more supportive environment, the murky waters of crypto regulation in the US may take time to resolve. Schwab’s cautious approach reflects an understanding of these challenges, ensuring that its foray into the crypto market aligns with long-term client interests.\n\n\n\n\nBest crypto platforms in Europe | November 2024\n\n\n\nYouHodler\nExplore\n                      \n\n\n\n\n\nBitpanda\nExplore\n                      \n\n\n\n\n\nCoinbase\nExplore\n                      \n\n\n\n\n\nBYDFi\nExplore\n                      \n\n\n\n\n\nMargex\nExplore\n                      \n\n\n\n\n\n\n\n\nBest crypto platforms in Europe | November 2024\n\n\nYouHodler\n\n\n\n\n\n\n\n\nBitpanda\n\n\n\n\n\n\n\n\nCoinbase\n\n\n\n\n\n\n\n\nBYDFi\n\n\n\n\n\n\n\n\nMargex","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485099251"}