Yesterday the Schwab Strategic Trust filed an SEC prospectus for a Schwab Crypto Economy ETF. With its association with the Charles Schwab brand, this would be another step into the crypto space by a major incumbent.
It plans to create the Schwab Crypto Economy Index on which the ETF would be based. The index would include listed stocks in the cryptocurrency sector, including exchanges, those doing cryptocurrency mining or staking, and developing applications using blockchain or crypto.
It certainly wouldn’t be the first such ETF, but it might be the first by such a mainstream name if it proceeds. In July last year, Goldman Sachs also filed an ETF prospectus but has not yet issued one for crypto.
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