Key facts
- Global crypto ETFs experienced significant outflows in May.
- Diversified crypto exposures within ETFs showed relative resilience.
- Charles Schwab is preparing to launch Schwab Crypto™ with early access opportunities.
- Schwab's new crypto account will allow direct trading of Bitcoin and Ethereum with a 0.75% fee.
- Schwab offers various crypto-related investment options, including ETPs, stocks, futures, mutual funds, and options.
- Bitwise Asset Management provides crypto investment products and insights for U.S. and international investors.
Global cryptocurrency exchange-traded funds (ETFs) saw substantial outflows in May, though products offering diversified exposure demonstrated greater resilience. This trend provides insights for long-term investors in the digital asset space.
Charles Schwab is enhancing its cryptocurrency offerings, with Schwab Crypto™ set to launch soon. The company is offering early access to a new brokerage account that will allow clients to buy and sell Bitcoin and Ethereum with a competitive fee of 0.75% of the trade value and no spread. Schwab provides access to various crypto-related investments, including exchange-traded products (ETPs) that track cryptocurrencies directly, crypto-related stocks such as Coinbase, MicroStrategy, and Riot Platforms, and the Schwab Crypto Thematic ETF (STCE).
Beyond direct crypto ETPs, Schwab also offers access to crypto futures, mutual funds focused on the broader digital asset ecosystem, cryptocurrency futures contracts, coin trusts, and listed options on crypto-related securities. Investors can explore these options through Schwab's Fund Finder tool.
Bitwise Asset Management is another provider in the crypto ETF space, offering investment products and insights for investors in the United States and Europe/UK. Meanwhile, the North American Securities Administrators Association (NASAA) has issued an investor advisory to inform individuals about what they need to know regarding crypto ETFs.