Schwab to Offer Crypto ETFs for $12 Trillion Institutional Base, Fueling Mainstream Adoption and Fee Competition

Charles Schwab plans to offer cryptocurrency exchange-traded funds (ETFs) for its $12 trillion institutional base, following regulatory shifts under the Trump administration that have accelerated TradFi integration with digital assets. The move comes amid surging demand for spot crypto products, with BlackRock's iShares Bitcoin Trust managing over $65 billion in assets. Schwab's entry into crypto custody is expected to dramatically accelerate mainstream adoption, with analysts estimating that brokerages moving on-chain could unlock $500 billion to $1 trillion of incremental institutional and retail inflows over the next three years.