Charles Schwab is launching a crypto economy exchange-traded fund . According to the company’s filing with the U.S. Securities and Exchange Commission , “Schwab Crypto Economy ETF” will trade on the NYSE Arca.Charles Schwab, one of the largest financial institutions in the U.S., filed a registration statement with the U.S. Securities and Exchange Commission Wednesday for “Schwab Crypto Economy ETF.
“The fund’s goal is to track as closely as possible … the total return of an index that is designed to deliver global exposure to companies that may benefit from the development or utilization of cryptocurrencies and other digital assets, and the business activities connected to blockchain and other distributed ledger technology,” the filing describes, adding:
The index is designed to deliver global exposure to companies that are actively engaged in crypto-related business activities such as mining, staking, investing, or trading cryptocurrencies.
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