Schwab Crypto ETF Adds AI Label, Trump Media Climbs to No. 2
Schwab renamed its crypto stock ETF on July 28. The new name points to the software that picks the holdings. That software's second-largest pick was Trump Media & Technology Group.
The ticker stayed STCE, while the fee stayed at 0.30%, but the fund's new legal filing added something the old one lacked. People now double-check what the software chooses.
What Is the Schwab Crypto ETF?
STCE is an exchange-traded fund, or ETF. It started trading on August 4, 2022, does not buy Bitcoin but can buy shares in companies tied to crypto. Miners, exchanges, and payment firms.
The filing bans the fund from owning crypto directly. Schwab reported $298.2 million in assets and 43 holdings as of June 23. It sits alongside a growing shelf of Bitcoin miner ETF products.
The old name was the Schwab Crypto Thematic ETF. The new one adds three words. Natural Language Processing (NLP). That phrase means software that reads text. It hunts for keywords in company filings and reports.
What Actually Changed in the Filing?
Most of it did not change. Same goal, same fee, and same stock list, called the Schwab Crypto Thematic Index.
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