Alternative Investments/Digital: The Schwab Crypto Thematic ETF To Debut On August 4

https://dailyalts.com/wp-content/uploads/2022/07/cryptocurrency-g0987ad3b9_640.jpg

The ETF provides investors with global exposure to companies that may benefit from the development or utilization of cryptocurrencies and other digital assets.

The Schwab Crypto Thematic ETF (NYSEARCA: STCE), launched by Schwab Asset Management, the asset management arm of The Charles Schwab Corporation, will start trading on or about August 4, 2022. It will provide investors with global exposure to companies that may benefit from the development or utilization of cryptocurrencies and other digital assets. (Businesswire)

Schwab Crypto Thematic ETF (NYSEARCA: STCE)

The fund is designed to track Schwab Asset Management’s new proprietary index, the Schwab Crypto Thematic Index.

The Schwab Crypto Thematic ETF aims to track as closely as possible, before fees and expenses, the total return of the Schwab Crypto Thematic Index which has been developed by Schwab Asset Management’s Thematic Research team.

The ETF will not invest in cryptocurrencies as it is designed to deliver global exposure to companies that may benefit from one or more of the following business activities: either directly or facilitating others in validating consensus mechanisms for (such as mining or staking) investing in, or trading cryptocurrency or other digital assets; enabling the use of cryptocurrency or other digital assets to buy or sell goods or services; and developing, distributing or implementing applications of blockchain or other distributed ledger technology, including in new cryptocurrencies or digital assets.

With an annual operating expense ratio of 0.30%, STCE will be the lowest cost crypto-related ETF available to investors today.

Fundspeak

“For investors who are interested in cryptocurrency exposures, there is a whole ecosystem to consider as more companies seek to derive revenue from crypto directly and indirectly,” said David Botset, Managing Director, Head of Equity Product Management and Innovation at Schwab Asset Management. “The Schwab Crypto Thematic ETF seeks to provide access to the growing global crypto ecosystem along with the benefits of transparency and low cost that investors and advisors expect from Schwab ETFs.”

Related Story: VanEck And Investo Launch Crypto ETF In Brazil

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2023/12/AMD_headquarters_santa_clara.624da707519a6.jpg
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…

https://dailyalts.com/wp-content/uploads/2023/12/RHCEU-Inline.jpg
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…

https://dailyalts.com/wp-content/uploads/2023/12/Samsung_UK_Samsung_Pay_Lifestyle_0552-revised-Pictogram-23.11.30-1024x744-1.png
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…

https://dailyalts.com/wp-content/uploads/2023/12/Revaia-founders.jpg
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…