Charles Schwab has opened a waitlist for direct spot trading of Ethereum, targeting 46 million retail investor accounts managing approximately $12 trillion in assets.

Bitmine Immersion Technologies currently owns 4.73 million Ethereum (about 3.92% of the circulating supply), with annual storage revenue of $177 million.
Ethereum Foundation has pledged nearly 70,000 Ethereum to generate yields and reduce selling pressure in the market.
Ethereum price has fallen 57% from its peak in August 2025 and is currently trading near $2,058, with both the RSI( and MACD indicators pointing to neutral to bearish momentum.
However, over the past two weeks, a series of institutional moves have made the current price look less like stagnation and more like a compressed spring.

Schwab Opens the Door to 46 Million Retail Investors
The news made headlines on April 3rd when Charles Schwab announced the opening of a waitlist for a new product called "Schwab Crypto" — a dedicated account allowing clients to buy and sell Bitcoin and Ethereum directly, without using ETFs or derivatives. The company, which manages $12.22 trillion in assets across 38.9 million active brokerage accounts, plans a limited launch in Q2, initially testing internally with employees before opening to a select group of clients, then rolling out more broadly. CEO Rick Wurster described the launch as a response to increasing demand — noting a 400% rise in crypto-related online activity among its users — and the logic is clear: millions of Americans already managing stocks and bonds through Schwab may not want to open a separate crypto trading account to access the same assets. Schwab will not accept crypto deposits from external wallets at launch, according to The Block, so this product is only a gateway, not a solution for current crypto holders to store their assets.