Schwab Slashes ETF Fees to Zero, Pushing Issuers Towards Higher-Margin Crypto Products
Schwab just dropped ETF fees to the absolute floor, intensifying the race to zero in traditional finance. This brutal margin compression is forcing asset managers to eye the lucrative, higher-fee crypto ETF market for growth.
Schwab Asset Management is playing dirty, slashing fees on four equity index ETFs to a measly 0.03%. This isn't just a price cut; it's a declaration of war on margins in the core index investing space. They're now tied for the cheapest in their categories, a testament to how brutal this market has become.