The asset management arm of The Charles Schwab Corporation, Schwab Asset Management, declared the launch of the Schwab Crypto Thematic ETF. The first trading day is believed to be approximately August 4, 2022.

The ETF is intended to track Schwab Asset Management’s new proprietary listing, the Schwab Crypto Thematic Index, providing investors worldwide exposure to organizations that stand to benefit from the development or use of cryptocurrencies or digital assets.

With an annual running cost ratio of 0.30%, STCE will be the cheapest crypto-related ETF available to financial investors today.

David Botset, Managing Director, Head of Equity Product Management and Innovation at Schwab Asset Management, said: “For investors interested in cryptocurrency exposures, there is a whole ecosystem to consider because many more and more companies are looking to derive revenue from crypto directly and indirectly. ”

Additionally, the Schwab Crypto Thematic ETF seeks to provide access to the integration of the global crypto environment alongside the benefits of transparency and minimal expense that investors and advisors have come to expect from Schwab ETFs.

The objective of the Schwab Crypto Thematic ETF is to track the total return of the Schwab Crypto Thematic Index as closely as possible, before fees and costs.

Created by Schwab Asset Management’s thematic research group, the index utilizes the strong blend of human insights and artificial intelligence technology acquired through the acquisition of Motif. A forerunner of topical financial planning and deliberate models for recognizing, selecting, measuring and weighting organizations based on their relevance to crypto-related subject matter.

The listing does not directly track or put resources into digital forms of money. Rather, it aims to give global exposure to organizations that could benefit from at least one of the accompanying industry activities.

Either directly or by working with others to validate consensus mechanisms for (such as mining or tagging) putting resources into, or exchanging cryptocurrency or other digital assets.

The fifth-largest ETF2 provider, Schwab Asset Management has over 10 years of experience supervising ETFs and a strong capital markets team that plays a crucial role in keeping Schwab ETFs running smoothly.

The fund is non-diversified in nature, so it may invest in securities of only a few issuers. This may lead to a single adverse economic event which may have a significant effect on the funds’ investment and the funds may experience excessive volatility.

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