$655,000,000,000 Investment Giant Charles Schwab To Launch New Crypto-Themed ETF

$655,000,000,000 Investment Giant Charles Schwab To Launch New Crypto-Themed ETF

The asset management arm of one of the biggest financial institutions in the world is set to launch a new crypto-themed exchange-traded fund (ETF) this week.

According to a new press release, Schwab Asset Management, a branch of Charles Schwab, will be launching the Schwab Crypto Thematic ETF as soon as August 4th.

The firm says that the new fund is designed to track Schwab Asset Management’s proprietary index, called the Schwab Crypto Thematic Index, which aims to provide investors with exposure to companies that “may benefit from the development or utilization of cryptocurrencies and other digital assets.”

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David Botset, managing director, head of equity product management and innovation at Schwab Asset Management says,

“For investors who are interested in cryptocurrency exposures, there is a

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