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Charles Schwab launches direct Bitcoin and Ethereum trading amid $233M ETF outflows

Market News
13 May 2026
Benzinga
View Source
Bullish
pluang ai news

Charles Schwab has begun offering direct trading of Bitcoin and Ethereum to select retail investors through its new Schwab Crypto platform, charging a 0.75% fee per trade. This service expands Schwab's crypto offerings beyond ETFs and derivatives, with custody by Charles Schwab Premier Bank and trade execution by Paxos. The launch coincides with $233 million in net outflows from Bitcoin and Ethereum ETFs, led by BlackRock and Fidelity funds, suggesting some investors may be shifting from ETFs to direct crypto exposure. Schwab manages $11.77 trillion in client assets and reported strong Q1 earnings, highlighting its growing influence in the crypto trading space.

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