PANews reported on April 16th that Bloomberg ETF analyst Eric Balchunas commented on Charles Schwab's plan to phase out cryptocurrency spot trading to retail clients in the coming weeks. He stated that while the cryptocurrency spot trading offered by Schwab is attractive to beginners, the cost of buying a cryptocurrency ETF at only about 2bps is more competitive compared to direct trading, which has fees of approximately 75bps. Although ETFs have annual management fees, while direct holding has no ongoing fees, ETFs still offer a cost advantage in most investment scenarios unless held for a one-time long-term period (5 years or more).