.CharlesSchwab is set to introduce its first crypto-related ETF, which will track performance of companies that may benefit from the digital asset industry. Reporting by oknightcrypto.
Schwab Asset Management said its first crypto-related exchange-traded fund will be listed on NYSE Arca from Aug. 4.
The ETF will trade under the ticker STCE and will track Schwab's Crypto Thematic Index, the company said in aUnlike ETFs that track a basket of digital assets, Schwab's will provide investors with exposure to companies that may benefit from the development or utilization of cryptocurrencies. The fund will track companies that may benefit from validating consensus mechanisms and crypto mining as well as digital asset trading and brokerage services.
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