The Schwab Crypto Thematic ETF has begun trading on the NYSE Arca exchange under the symbol STCE. The fund, from Schwab Asset Management, tracks the proprietary Schwab Crypto Thematic Index.
The fund is designed to provide investors with global exposure to companies that may benefit from the development or utilization of cryptocurrencies and other digital assets, Schwab said in a press release Thursday. It has an annual operating expense ratio of 0.30%.
Schwab said the index and fund are designed to offer more targeted exposure to cryptocurrency-focused companies compared to blockchain technology ETFs, which may have significant exposure to multi-national companies involved in blockchain.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
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Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
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