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The new offering will feature separately managed accounts, ETFs and bitcoin investments in partnership with Charles Schwab, which will “broadly advise” on investments and strategy. The company will invest up to $250m of its $750m to be held by Schwab.
“Now that Trump is sitting in the White House, the sector is increasingly keen to discover what exactly the return on its investment might be,” PYMNTS wrote this week. “As a candidate, Trump made numerous sweeping promises and appeals to the crypto industry. As a president, he has yet to mention bitcoin in an official capacity.”
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