Schwab's Crypto Launch Happened the Same Day ETFs Lost $233M. Ironic Timing.
On the same day Charles Schwab launched direct spot crypto trading for retail clients, Bitcoin spot ETFs saw $233.25 million in net outflows — led by BlackRock's iShares Bitcoin Trust losing $32.95 million and Fidelity's fund shedding $86.13 million.
Ethereum ETFs saw even sharper proportional losses at $130.62 million in outflows.
One door opens. Another loses $233M the same day. The rotation out of ETFs and into direct wallets has officially begun. 🔄💼