Schwab Asset Management has finally released its Schwab Crypto Thematic ETF to meet investors growing interest in the crypto ecosystem. The fund however does not directly target actual cryptocurrencies, it identifies, selects, and weights constituents based on a company’s exposure to the crypto ecosystem. It uses NLP or natural language processing techniques for the index.
Big crypto names including MicroStrategy, Marathon Digital, Riot Blockchain, Coinbase, Silvergate Capital, Robinhood, and Interactive Brokers have holdings in the fund.