Schwab Asset Management to List Crypto ETF on New York Stock Exchange

Schwab Asset Management said its first crypto-related exchange-traded fund will be listed on NYSE Arca from Aug. 4.

The ETF will trade under the ticker STCE and will track Schwab's Crypto Thematic Index, the company said in aUnlike ETFs that track a basket of digital assets, Schwab's will provide investors with exposure to companies that may benefit from the development or utilization of cryptocurrencies. The fund will track companies that may benefit from validating consensus mechanisms and crypto mining as well as digital asset trading and brokerage services.

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