Charles Schwab Rolls Out Bitcoin, Ethereum Trading As ETF Outflows Hit $233 Million

Charles Schwab (NASDAQ: SCHW) has launched direct Bitcoin and Ethereum trading for eligible retail investors, coinciding with significant outflows from spot crypto ETFs, totaling $233.25 million on May 12. BlackRock and Fidelity’s Bitcoin and Ethereum ETFs experienced the largest outflows. Schwab Crypto charges a 75-basis-point fee per trade and offers services in most U.S. states except New York and Louisiana, raising questions about a potential shift from ETF exposure to direct crypto ownership via traditional brokerages.

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