Ethereum Targets $10K as Schwab Opens Spot ETH Trading and BlackRock Tokenizes Funds
Charles Schwab has officially opened spot Bitcoin and Ethereum trading to a select group of retail clients this week, marking a pivotal expansion for the brokerage giant that previously offered crypto exposure only through ETFs and crypto-related equities. The firms Schwab Crypto accounts allow users to trade BTC and ETH directly alongside their other investments. CEO Rick Wurster had signaled a phased rollout would begin in the second quarter, and following a successful internal employee pilot, the firm confirmed that eligible clients on the interest list now have access. Shares of SCHW edged up roughly 1% on the day of the announcement. Schwab clients will maintain a separate crypto account through the Schwab Crypto service, with Charles Schwab Premier Bank acting as custodian and blockchain infrastructure provider Paxos handling trade execution and sub-custody. The brokerage will charge a 75-basis-point fee per trade, with the service available in all U.S. states except New York and Louisiana. At the end of March 2026, Schwab reported $11.77 trillion in client assets across 39.1 million active brokerage accounts. The firms first-quarter adjusted net income reached $2.6 billion on $6.48 billion in revenue, up 16% year-over-year, underscoring the heft now flowing toward crypto rails. Ether traders are








