Charles Schwab Advances Spot BTC/ETH Trading Rollout Amid $900M ETF Inflows Near $80K

Charles Schwab continues its phased rollout of spot Bitcoin and Ethereum trading to eligible U.S. retail clients on May 14 via Schwab Crypto, charging 75 bps fees with Paxos for execution and Schwab Premier Bank for custody—excluding NY/LA—coinciding with ~$900M BTC ETF inflows as BTC hovers near $80K (~$79,742). This builds on May 13's heavy coverage of the launch leveraging Schwab's $11.77T client assets and 39.1M accounts, following Coinbase Australia's May 4 regulated service for 1.2M SMSFs ($757.3B AUM) and BNY Mellon's May 7 announcement plus May 11 debut of institutional BTC/ETH custody in Abu Dhabi's ADGM ($59.4T under custody). These milestones accelerate mainstream crypto adoption.