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.
AI-driven job fears are weighing on retirement confidence, especially among Gen Z and Millennials, Thrivent survey finds
It’s the second time in as many years regulators have penalized Centaurus Financial for lack of compliance with Reg BI.
AI Teammate is embedded within Wells Fargo’s Advisor Gateway desktop platform.
Elsewhere, Ameriprise added a $470 million Wells team in New York, while an ex-Morgan Stanley advisor bolsters UBS' Austin, Texas office.
Financial advisors play an essential role in helping small business owners navigate their transition out of the company — and into retirement.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
