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The U.S. Securities and Exchange Commission (SEC) has publicly released its request for comments regarding "Novel ETFs," which may hold crypto assets or adopt unconventional strategies. The disagreement centers on whether the filing documents should remain public before the fund begins trading and how quickly the review process should be. Crypto asset management firm Grayscale and the crypto policy organization Crypto Council for Innovation (CCI) support establishing an optional confidential filing period to reduce competitors from submitting imitation documents.Charles Schwab opposes complete confidentiality and suggests that filing documents should be made public at least 75 days in advance. Grayscale requests that the SEC respond within 45 days, while CCI argues that the confidentiality process should not extend the automatic effectiveness or review period. Venture capital firm Andreessen Horowitz (A16z) supports shortening the review time but emphasizes that the rigor of the review should not be reduced; trading firm Jane Street believes that accelerating the process could lead to a decline in product quality, competitiveness, and liquidity.Currently, there are 174 ETFs related to crypto assets in the U.S., with BlackRock's iShares Bitcoin Trust ETF (IBIT) managing approximately $61 billion in assets, accounting for about 38% of the total assets of related ETFs. The SEC will decide whether to adjust the confidentiality arrangements for filings and the speed of the review.

Financial services giant Charles Schwab announced on Thursday that it plans to add Solana, Avalanche, and Chainlink to its cryptocurrency trading platform in the coming months, further expanding beyond Bitcoin and Ethereum, but did not provide specific launch dates. This addition comes about three months after Charles Schwab introduced direct trading of Bitcoin and Ethereum to some retail clients, who previously could only gain exposure to cryptocurrencies through exchange-traded products and stocks of companies like Coinbase and Strategy, without the ability to directly purchase cryptocurrencies.Joe Vietri, head of digital assets at Charles Schwab, stated that this expansion will provide clients with more options for digital asset allocation. Solana focuses on fast, low-cost transactions, Avalanche supports businesses and developers in creating custom blockchains, and Chainlink connects blockchains with external information, providing data such as asset prices for smart contracts. Clients can buy and sell these cryptocurrencies on the official website, mobile app, and thinkorswim platform, with a fee of 75 basis points (0.75%) per transaction.

Charles Schwab announced plans to add trading services for Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) to its Schwab Crypto platform in the coming months.Schwab Crypto began offering clients direct trading in Bitcoin and Ethereum in May 2026. Charles Schwab stated that it will continue to gradually add more cryptocurrencies and digital assets.

Financial giant Charles Schwab announced that it has launched direct trading services for Bitcoin and Ethereum for approximately 40 million brokerage accounts. The product is named Schwab Crypto, covering 48 states in the U.S. (excluding New York and Louisiana), with a trading fee rate of 0.75%, operated by Charles Schwab Premier Bank and Paxos.Joe Vietri, head of digital assets at Charles Schwab, stated that the company aims to become the preferred platform for retail investors to allocate digital assets, supporting users to trade crypto assets alongside other investment types through its services, education, and research advantages. The company also maintains a risk warning, stating that even if Bitcoin or Ethereum only accounts for 1% to 3% of a portfolio, it can have a significant impact, and both have previously dropped over 70% in past cycles.

On May 13, 2026, the American financial services company Charles Schwab began to gradually open spot trading for Bitcoin and Ethereum to retail customers, with a transaction fee rate of 75 basis points. The company disclosed that customer assets reached $13.1 trillion, with 39.8 million brokerage accounts, and Paxos is responsible for execution and sub-custody.During the earnings call in July, Charles Schwab stated that the progress of the related business is on track and launched a pilot for cryptocurrency asset transfers, while also taking a stake in Paxos. Initially, only Bitcoin and Ethereum are supported, with no support for deposits and withdrawals, and no SIPC protection, except for New York and Louisiana. Charles Schwab customers hold approximately $25 billion in crypto ETP.Morgan Stanley's E*Trade launched Bitcoin, Ethereum, and Solana trading through Zerohash on July 16, with a fee rate of 50 basis points; Fidelity's rate is 1%, and Coinbase's consumer trading implied fee rate is about 1.75%.

According to The Wall Street Journal, Charles Schwab is collaborating with the Chicago Board Options Exchange Global Markets to launch binary options contracts on the S&P 500 index, allowing clients to bet "yes or no" on the index's performance.These contracts are slightly different from the futures contracts offered by platforms like Kalshi and Polymarket, but they are essentially binary options: if the index closes above or below the target price, a fixed cash settlement amount is paid; otherwise, it goes to zero. Charles Schwab also plans to launch Cboe's "Plus Zone" feature simultaneously, which allows for partial payouts even if the prediction direction is correct but does not precisely hit the target price.Charles Schwab CEO Rick Wurster previously criticized contracts related to sports or entertainment events for blurring investment boundaries, but also stated that if prediction markets become a "competitive necessity" in the brokerage field, the company would consider launching related products. The contracts being introduced will be strictly limited to events within the financial sector that have verifiable outcomes and will not involve non-financial events like the World Cup or the Oscars.

According to CoinDesk, Jim Ferraioli, Director of Digital Asset Research at Charles Schwab, stated that the recent weakness in Bitcoin is not due to a decline in institutional demand or Michael Saylor selling Bitcoin, but rather it is losing its position as the market's dominant momentum trading asset.He pointed out that crypto investors have traditionally followed momentum, and currently, momentum has left the crypto space. Funds are flowing into hot narratives such as AI-related stocks and IPOs, with SpaceX's IPO potentially valued at $1.8 trillion, and a number of other IPOs collectively raising over $200 billion, drawing liquidity away from the crypto market. Crypto traders are also speculating on pre-IPO stocks through synthetic derivative contracts on DEXs like Hyperliquid.Ferraioli downplayed the impact of Strategy selling 32 Bitcoins, believing it merely provided a convenient narrative for a broader trend that has already occurred. He noted that while Bitcoin ETFs have expanded access channels, this asset class is still primarily dominated by retail and momentum traders. Summer has historically been a season of weakness for Bitcoin, and there is currently a lack of buying reasons as investors have other options.

According to Citywire, Jalina Kerr, head of advisor experience at Charles Schwab, stated that the company plans to launch cryptocurrency spot trading features for advisors on its custody platform by 2027. Progress is currently smooth, and the expected launch time may be closer to mid-year, although a specific date has not yet been determined. Charles Schwab has already introduced Bitcoin and Ethereum spot trading to retail clients this year.Kerr pointed out that digital assets are not uniformly regulated like other brokerage and securities products, and careful consideration is needed from fund deposits to withdrawals. She mentioned that advisors currently prefer to allocate crypto assets for clients through Charles Schwab's exchange-traded products, but interest in spot trading has recently increased. Charles Schwab's competitor, Fidelity, is currently offering cryptocurrency custody and trading solutions for wealth management managers.

American financial services giant Charles Schwab has begun to phase in the "Schwab Crypto" service for eligible U.S. retail customers, allowing users to trade Bitcoin and Ethereum directly.According to official information, users can view and manage their crypto assets directly through their existing Schwab accounts, with custody provided by Charles Schwab Premier Bank, while Paxos offers underlying custody and trade execution services. The platform charges a transaction fee of 0.75% of the transaction amount, and currently does not support external wallet deposits and withdrawals. Additionally, this service is not yet available to residents of New York and Louisiana. Charles Schwab currently manages approximately $12 trillion in client assets, with its clients holding about 20% of the assets in U.S. spot crypto ETFs.

Traditional financial giant Charles Schwab announced that Schwab Crypto accounts are now gradually opening to retail customers. The first batch of customers can trade Bitcoin and Ethereum on Schwab, managing them alongside other investment products.

According to BBX data, the bidirectional penetration of traditional financial institutions and industrial infrastructure into the crypto space has accelerated over the weekend, with the following core dynamics:The Charles Schwab Corporation (NYSE: $SCHW) officially launched the Schwab Crypto platform in phases on April 17, opening direct trading of Bitcoin and Ethereum spot to 39 million active brokerage account customers through its Charles Schwab Premier Bank, SSB, with compliance custody and trade execution provided by Paxos, and a fee of 75 basis points per transaction; initially excluding New York and Louisiana. The company recorded earnings per share of $1.43 and revenue of $6.48 billion in Q1 2026, with total customer assets of approximately $12.22 trillion as of early 2026.Alcoa Corporation (NYSE: $AA) CEO Bill Oplinger confirmed in a Bloomberg interview on April 17 that the company is in deep negotiations with Bitcoin financial services company NYDIG regarding the sale of the Massena East smelter site in New York (1,300 acres, closed since 2014), which "should be completed by mid-year." The site is adjacent to the St. Lawrence River and can access hydroelectric resources provided by the New York Power Authority; NYDIG has been operating Bitcoin mining facilities there since 2024 and will gain full control of the infrastructure after the acquisition. The financial terms of the transaction have not been disclosed.

According to Decrypt, Charles Schwab President and CEO Rick Wurster stated that the company may offer prediction market services in the future, but will focus on financial event-related contracts such as inflation, avoiding themes like pop culture, politics, and sports.Previously, Charles Schwab announced that it would launch Bitcoin and Ethereum trading services in the coming weeks, with a transaction fee rate of 0.75%. The company also plans to gradually expand its cryptocurrency business, including opening digital asset deposit and withdrawal functions, and increasing the range of supported tokens.

Charles Schwab officially announced the launch of Schwab Crypto™ spot cryptocurrency trading services, which will be gradually opened to retail customers in the coming weeks.The service supports direct trading of Bitcoin and Ethereum, and provides educational content and professional customer support, while integrating Charles Schwab's existing investment, trading, wealth management, and banking service systems.

According to BBX data, based on official market announcements and corporate regulatory documents, the latest developments in the compliance infrastructure of global brokerage giants and the financial strategies of mining companies are as follows:Charles Schwab clarifies the spot trading timetable: The Charles Schwab Corporation (NYSE: $SCHW) President and CEO Rick Wurster officially confirmed in a letter to shareholders this Monday that Charles Schwab will launch spot trading services for Bitcoin and Ethereum in the first half of 2026. The plan will undergo a limited rollout in the second quarter (Q2), followed by a full expansion to its large customer base.CME derivatives compliance expansion: CME Group Inc. (NASDAQ: $CME) announced that, given the record average daily nominal trading volume of $8 billion for its crypto derivatives in March this year, the company has decided to further enhance its crypto strategy by officially launching futures contracts for Avalanche (AVAX) and Sui (SUI) on May 4, including standard and micro versions.Core Scientific plans to fully liquidate Bitcoin reserves: Core Scientific, Inc. (NASDAQ: $CORZ) in its latest 10-K annual and quarterly regulatory filings provided Wall Street with extremely clear guidance: during 2026, the company expects to "substantially monetize all" of its Bitcoin reserves to enhance liquidity and fund planned capital expenditures. This means the company will completely transform into a spot seller, liquidating its digital treasury to purchase the hardware needed for AI transformation.

Charles Schwab's latest research shows that even a 1% to 3% allocation of Bitcoin (BTC) or Ethereum (ETH) in a portfolio can significantly impact overall risk characteristics.The study points out that both Bitcoin and Ethereum have historically experienced declines of over 70%, far exceeding the volatility levels of stocks or bonds, thus even small allocations can have a noticeable effect during market fluctuations. Charles Schwab proposes two methods for allocating crypto assets: 1. Traditional Portfolio Theory Method: Allocating based on expected returns, volatility, and correlation, but the assumptions about returns vary greatly; if the expected return is below 10%, even aggressive investors may find it difficult to support large allocations. 2. Risk Budgeting Method: Determining the proportion of crypto assets based on the risk one is willing to take, shifting the focus from returns to risk tolerance, but the volatility of crypto assets may still exceed expectations. Charles Schwab emphasizes that crypto assets are high-volatility assets and are not suitable for all investors. Investors should cautiously allocate based on their risk tolerance, investment horizon, and familiarity with the assets, while also being aware of risks such as liquidity, theft, and fraud.

The American brokerage giant Charles Schwab announced that in the first half of 2026, it will launch spot trading services for Bitcoin and Ethereum through its banking subsidiary, Charles Schwab Premier Bank, with the product named Schwab Crypto. A company spokesperson confirmed that the plan is proceeding as scheduled, and customers can now subscribe for early access on the official website.Charles Schwab manages nearly $12 trillion in client assets, and this move marks a shift from only offering indirect products like crypto ETFs and futures to officially supporting the direct buying, selling, and holding of BTC and ETH, meeting the demand of clients to manage digital assets alongside traditional investments like stocks and bonds. This signifies that major traditional Wall Street institutions are further embracing mainstream cryptocurrencies, and it is expected to bring a significant influx of traditional investor capital into the crypto market.

Charles Schwab stated that its banking subsidiary, Charles Schwab Premier Bank, will offer direct trading services for Bitcoin and Ethereum through Schwab Crypto accounts. CEO Rick Wurster mentioned that the service is planned to begin limited testing in the second quarter of 2026 and will officially launch in the first half of the year. The waiting list is currently open, and the initial service area covers most of the United States except for New York and Louisiana. Users must hold a Charles Schwab brokerage account to apply, and the service will not initially support external cryptocurrency deposits or withdrawals. As of February, Charles Schwab manages a total of $12.22 trillion in assets and has 38.9 million active brokerage accounts.

According to Crowdfund Insider, Charles Schwab will soon offer cryptocurrency trading on its investment platform. The current strategy is to create a "super app" or "all-in-one platform." Cryptocurrency-native platforms like Coinbase have been the first to achieve this goal, while once-innovative online brokerages have struggled with this concept.The new Charles Schwab cryptocurrency account will initially offer trading in Bitcoin and Ethereum, gradually entering the cryptocurrency space. The company had previously provided cryptocurrency-themed exchange-traded funds (ETFs) after approval from the U.S. Securities and Exchange Commission (SEC). From the outset, the Charles Schwab cryptocurrency account will be available in all states in the U.S. except New York and Louisiana, and the platform is developed in-house by the company.

The cryptocurrency trading platform EDX Markets, supported by Charles Schwab, Citadel Securities, and Fidelity, has applied for a national trust bank license from the Office of the Comptroller of the Currency (OCC).This license will allow EDX to provide services such as digital asset custody, asset management, and trade settlement, but will not include traditional banking activities like accepting deposits or making loans. EDX stated that obtaining this license will help it better serve institutional clients and gain a competitive advantage in the wave of institutionalization in the cryptocurrency industry. Recently, several cryptocurrency companies, including Ripple, Circle, BitGo, Paxos, and Fidelity Digital Assets, have also applied for similar licenses, indicating that the industry is accelerating its alignment with the regulated financial system.