$11.77 Trillion Brokerage Giant Charles Schwab Launches Spot Bitcoin Trading Platform
Charles Schwab, managing $11.77 trillion in client assets, launched spot Bitcoin trading through its new Schwab Crypto platform for U.S. retail investors. The move charges a 75-basis-point fee and expands crypto access beyond ETFs and futures. This reflects Wall Street's broader institutional embrace of digital assets, with major banks now offering Bitcoin services as regulatory clarity strengthens mainstream adoption.
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Jane Street slashes Bitcoin ETF holdings, adds Ether funds in Q1 2026
Jane Street slashed Bitcoin ETF holdings by 60-71% in Q1 2026, cutting positions in IBIT and FBTC worth $340 million combined, while pivoting to add $82 million in Ether ETF exposure. The market maker also trimmed its Strategy stake by 78% but increased positions in Coinbase, Riot Platforms, and Galaxy Digital, signaling selective crypto positioning amid institutional Ether fund buying momentum.
Senate Crypto Bill Faces Over 100 Amendments Ahead of Thursday Markup
Senate Banking Committee advances Digital Asset Market Clarity Act markup Thursday with 100+ amendments filed. Key disputes center on stablecoin yield products and ethics provisions restricting officials' crypto ownership. The bill, passed by House in 2025, aims to clarify SEC-CFTC jurisdiction. Prediction markets price 60% odds of passage this year, critical for U.S. crypto regulation clarity.