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Cryptocurrency News

Charles Schwab’s asset management arm launches crypto-linked ETF

07/30/2022

Less than a minute

2022.07.30 19:09

Charles Schwab's asset management arm launches crypto-linked ETF — Charles Schwab’s asset management arm launches crypto-linked ETF

Schwab Asset Management, the asset management arm of financial giant Charles Schwab (NYSE:SCHW), has launched an exchange-traded fund (ETF) with exposure to firms linked to cryptocurrencies.

In a Friday announcement, Schwab said its Crypto Thematic ETF was expected to be available for trading on the New York Stock Exchange’s Arca under the ticker STCE on Aug. 4. The fund tracks Schwab’s Crypto Thematic Index, providing an investment vehicle with exposure to companies “that may benefit from the development or utilization of cryptocurrencies and other digital assets.”