Update
Charles Schwab Endorses Bitcoin with Regulatory Clarity
Charles Schwab’s crypto research team has endorsed Bitcoin, stating it still has strong fundamentals for the future. Analyst Adam Lynch highlighted nearly $60 billion in ETF inflows since early 2024 as evidence of deep demand. Jim Ferraioli, Schwab’s Head of Crypto Research, noted Bitcoin’s volatility has decreased to about 40, down from a previous range of 50 to 60. The team also mentioned progress in US regulatory clarity for Bitcoin and Ether as digital commodities. Schwab has completed the retail rollout of Schwab Crypto, allowing clients to trade Bitcoin and Ether directly within their accounts, with a 0.75% trading fee. The service runs through Schwab’s Premier Bank, with Paxos providing sub-custody support and handling execution. CEO Rick Wurster has described crypto trading as a new source of revenue for the firm.