Charles Schwab may enter the crypto ETF market after its new CEO Rick Wurster expressed his intention to do so. Wurster said the company would offer crypto trading if the regulatory environment in the US changes.
- In an interview on November 21, Wurster emphasized preparations for possible regulatory changes that could pave the way for crypto ETF trading.
- Schwab currently offers indirect exposure through crypto-linked ETFs and futures contracts. However, it may switch to direct trading to stay competitive.
- The departure of SEC Chairman Gary Gensler in 2025 could facilitate wider crypto adoption. 🌟