Wall Street Just Went All In on Crypto in a Single MonthđđĽ
Dear square family April 2026 is shaping up as a pivotal turning point for digital assets. In just weeks five major Wall Street players made bold moves, accelerating the blend of traditional finance and crypto.
The latest headline came on April 16 when Charles Schwab announced Schwab Crypto⢠direct spot trading of Bitcoin and Ethereum for retail clients.
The phased rollout starts in the coming weeks, seamlessly integrated into the familiar Schwab app.
With over 35 million brokerage accounts and roughly $12 trillion in client assets Schwab is poised to onboard millions of everyday investors whoâve never touched Coinbase or Binance.
Schwab 2025 proprietary survey found that 19% of its existing clients already held crypto elsewhere representing over $500 billion in sideline capital ready to move into a trusted, tax-integrated environment.
Let me tell you the full April surge:
⢠Morgan Stanley launched its low-cost spot Bitcoin ETF (MSBT, 0.14% expense ratio) on April 8 the firmâs most successful ETF debut ever drawing strong initial inflows and giving its wealth management clients easy access.
⢠Goldman Sachs filed for a Bitcoin Premium Income ETF on April 14 using options strategies to offer Bitcoin exposure plus potential yield a more conservative angle for income-focused investors.
⢠BlackRock continued expanding its dominant crypto footprint through ongoing product enhancements.
⢠Citi strengthened infrastructure by becoming an authorized participant for spot Bitcoin ETFs, improving liquidity and creation/redemption flows.
The pivot follows the U.S. Securities and Exchange Commissionâs March 2026 Safe Harbor 2.0 rule which removed broker-dealer custody ambiguities directly enabling Schwabâs retail spot trading.
One more thing With $84 trillion moving from boomers to heirs by 2045, the 18â35 cohort allocates 3x more to crypto than equities.
