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Analyst: Charles Schwab may be interested in joining the spot Bitcoin ETF race

Analyst: Charles Schwab may be interested in joining the spot Bitcoin ETF race

CointimeCointime2024/01/28 07:08
By:Cointime

On January 28th, there were rumors that Charles Schwab was 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 very mysterious." She delved into how Charles Schwab is using its large scale and competitive low-cost pricing strategy to enter the spot Bitcoin ETF market.

In a discussion with Bloomberg senior ETF analyst Eric Balchunas, she further explored this topic: "They may shock the world and launch such a product in a few months. I wouldn't be surprised. They may have some tricks up their sleeve and often take a 'wait and see' approach."

Morningstar analyst Bryan Armour also told Shidler that this approach is typical of Charles Schwab's operating style. "Overall, this is consistent with what we've seen from Charles Schwab. Their product development approach is more organized than other companies," Armour told reporters. "They traded their first-mover advantage for a more thoughtful lineup that can be sustained in the long run." ETF Institute co-founder Nate Geraci also said that it is a foregone conclusion that Charles Schwab plans to join the spot Bitcoin ETF race.

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