🏦 Charles Schwab opens spot crypto: The 5th Wall Street giant officially enters the game
Charles Schwab (AUM over $10 trillion) has just announced the launch of spot crypto trading services for individual clients. This is the 5th Wall Street giant to enter crypto, following Morgan Stanley, Goldman Sachs, BlackRock, and Citi.
The differences I see quite clearly among the 5 giants:
→ Morgan Stanley: launching spot BTC ETF, serving high net worth clients
→ Goldman Sachs, BlackRock: filed for a new style Bitcoin ETF
→ Citi participates as an Authorized Participant for the ETF
→ Schwab goes directly into spot, allowing tens of millions of retail investors to buy BTC, ETH directly on their brokerage accounts
Currently, the AUM of the US spot BTC ETF has reached $96.5B. I feel that the market is preparing for a shift.
📊 Personal opinion:
→ Wall Street is shifting from institutions first to retail penetration
→ When Schwab opens spot, the psychological barrier with crypto in the eyes of traditional investors will significantly decrease
→ I expect retail money through traditional channels will add new demand for BTC and ETH in the second half of 2026
The question is, who will be the 6th Wall Street giant? I'm betting on Fidelity. What do you think?
$BTC $ETH #Crypto
Charles Schwab (AUM over $10 trillion) has just announced the launch of spot crypto trading services for individual clients. This is the 5th Wall Street giant to enter crypto, following Morgan Stanley, Goldman Sachs, BlackRock, and Citi.
The differences I see quite clearly among the 5 giants:
→ Morgan Stanley: launching spot BTC ETF, serving high net worth clients
→ Goldman Sachs, BlackRock: filed for a new style Bitcoin ETF
→ Citi participates as an Authorized Participant for the ETF
→ Schwab goes directly into spot, allowing tens of millions of retail investors to buy BTC, ETH directly on their brokerage accounts
Currently, the AUM of the US spot BTC ETF has reached $96.5B. I feel that the market is preparing for a shift.
📊 Personal opinion:
→ Wall Street is shifting from institutions first to retail penetration
→ When Schwab opens spot, the psychological barrier with crypto in the eyes of traditional investors will significantly decrease
→ I expect retail money through traditional channels will add new demand for BTC and ETH in the second half of 2026
The question is, who will be the 6th Wall Street giant? I'm betting on Fidelity. What do you think?
$BTC $ETH #Crypto