There has been speculation that Charles Schwab may launch a Bitcoin spot ETF. According to The Block, financial industry experts speculated that Charles Schwab would launch its own Bitcoin spot trading product. This outlook is based on the expectation that Charles Schwab will be able to take advantage of being a latecomer in the ETF market, which can offer lower fees than its competitors. In particular, Charles Schwab appears to be attracting attention from the competition, using Fidelity's success as an example.

Supporting this outlook is analysis by market experts. “Charles Schwab has high customer loyalty and can measure low fees,” said Eric Balchunas, senior ETF analyst at Bloomberg. “There is no need for Charles Schwab to rush.” This view suggests that Charles Schwab may not need to actively enter the ETF market.

Fidelity's spot Bitcoin ETF is already competing with BlackRock's product, and the competition is expected to intensify if Charles Schwab quickly enters the market. Accordingly, competitors, including Fidelity and Blackrock, are expected to prepare countermeasures in preparation for Charles Schwab's new product launch.

Charles Schwab is an asset management company based in Westlake, Texas, with a large operating fund of $8.5 trillion. In June last year, EDX Market was launched together with Fidelity and Citadel Securities. EDX is a 'non-custodial' exchange, which does not hold customers' cryptocurrency but uses a third-party custodian to support transactions. Through this, Charles Schwab is evaluated as securing an important position in the cryptocurrency market.

These Charles Schwab trends are expected to have an impact on the current cryptocurrency market and ETF market. Charles Schwab, which has advantages in terms of customer loyalty and fees, is expected to increase its competitiveness in the ETF market, and the resulting market changes and competitors' countermeasures are expected to be noteworthy issues.