- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
- Address
- 3000 Schwab Way Westlake TX United States of America 76262
- IPO Date
- Aug 4, 2022
- Business
- Schwab Crypto Thematic ETF (STCE), issued by Charles Schwab Investment Management, Inc., is a passively managed exchange-traded fund that seeks to track the total return of the Schwab Crypto Thematic Index before fees and expenses. The fund provides global exposure to publicly listed companies benefiting from the development, utilization, and adoption of cryptocurrencies including bitcoin, other digital assets, blockchain technology, and distributed ledger systems; it invests primarily in equities of firms engaged in cryptocurrency mining, trading platforms, exchanges, hardware manufacturing, financial services supporting digital assets, and blockchain applications, with top holdings such as Cipher Mining Inc. (CIFR), IREN Ltd (IREN), Bitfarms Ltd (BITF), Hut 8 Corp (HUT), and Coinbase Global Inc (COIN), spanning sectors like information technology (over 70%), financials, and health care. STCE does not directly invest in cryptocurrencies or digital assets, offering investors intra-day trading, potential tax efficiency, and a low expense ratio of 0.30%; it targets institutional and retail investors seeking thematic diversification in the digital assets ecosystem without direct crypto ownership, with operations focused on U.S.-listed securities but holdings domiciled globally including the United States (69%), Canada (24%), Singapore, Japan, and others. Launched on August 4, 2022, and listed on NYSE Arca, the ETF is headquartered in Westlake, Texas, as part of Schwab Asset Management, a subsidiary of The Charles Schwab Corporation. Recent developments include a significant assets under management increase to approximately $278 million as of late 2025 amid strong performance with year-to-date returns exceeding 69% through December 2025, portfolio rebalancing with new positions such as Bitmine Immersion Technologies Inc. and increased weights in mining firms like Cleanspark Inc. and Core Scientific Inc., a December 2025 distribution of $1.1340 per share, and an update to the Schwab Crypto Thematic Index methodology in July 2025 adjusting the index observation day for exchange holidays.