The post Charles Schwab to Launch Bitcoin ETFs and Dollar-Pegged Stablecoin appeared on BitcoinEthereumNews.com.

Key Points: Charles Schwab plans to launch Bitcoin and Ethereum ETFs. A dollar-pegged stablecoin is also in the works. Efforts align with big players like JPMorgan in the crypto space. Charles Schwab announced plans to launch spot Bitcoin and Ethereum ETFs alongside a future dollar-pegged stablecoin, under the leadership of CEO Rick Wurster during its Q2 2025 earnings call. Rick Wurster, CEO of Charles Schwab, emphasized the company’s approach: “We want to get bitcoin and [ether] out first, but the stablecoins will come next. We have had conversations with the large banks and around a consortium of efforts to handle stablecoin or deliver stablecoin to the market. And at the same time, we’re also exploring our own avenues, and we’ll make a decision that we think is best for our clients.” — Rick Wurster, CEO of Charles Schwab These steps aim to fortify Schwab’s blockchain involvement, aligning with giants like JPMorgan exploring similar paths. Market responses are largely anticipatory, focused on widened crypto asset accessibility. Historical Market Influence on Crypto Prices Did you know? Bitcoin’s 90-day price increase of 40.71% shows that when large financial institutions announce involvement in crypto markets, it often generates significant market interest and potentially increases asset value. Bitcoin is currently valued at $118,457.66 with a market cap of $2.36 trillion, according to CoinMarketCap. BTC and ETH are gaining attention, with Bitcoin’s 24-hour trading volume reaching $64.34 billion, despite a slight one-day decline of 0.56%. Market dominance is notable at 60.95%. The Coincu research team predicts financial impacts, highlighting prospects for market structure transformation due to Schwab’s strategic embrace of digital currencies. Regulatory clarity will likely act as a catalyst, enhancing investor confidence and broader cryptocurrency adoption within traditional markets, experts suggest. Market Data and Insights Did you know? Bitcoin’s 90-day price increase of 40.71% shows…

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Filed under: News - @ July 19, 2025 11:24 am