Schwab Crypto Thematic ETF

STCE

Market cap $272M

As we enter the 2025 home stretch, Bitcoin is once again down, dipping below $90,000 on Thursday, following the Federal Reserve's highly anticipated interest rate cut by 25 basis points on December 10.

Quantum computing threatens to upend the cryptography that secures bitcoin and all blockchain-based digital assets, such as stablecoins.

@CharlesSchwab's Nathan Peterson joins Jenny Horne on this week's Crypto Corner and highlights why $90,000 is such an important level for Bitcoin. The key level he has for Ethereum: $3,000.

It turns out the Federal Reserve's December rate cut was just another false dawn for Bitcoin and hopes for a crypto comeback.

Enthusiasm around Bitcoin has waned in 2025. Price targets keep getting made, but volatility in both directions is the only certainty, given how much leverage is in the system.

Cryptocurrencies tumbled on Thursday and bitcoin fell back below the $90,000 threshold in a renewed signal of market jitters as fresh concerns about artificial intelligence profits weighed on technology stocks.

The Schwab Crypto Thematic ETF is heavily concentrated in Bitcoin mining stocks, diverging from its stated broad crypto exposure objective. STCE's construction methodology allows inclusion of companies with minimal or no true crypto or blockchain exposure, undermining thematic purity. Over 60% of STCE's assets are allocated to Bitcoin miners, whose long-term profitability is structurally challenged by declining mining rewards.

Crypto's explosive 2025 rally has pushed ETFs like BKCH and STCE sharply higher, putting them in focus for investors before the year ends.

Standard Chartered slashes Bitcoin (BTC-USD) price targets, now seeing $100K in 2025 and $225K in 2027, citing waning ETF and DAT demand. Nvidia (NVDA) unveils a geolocation feature for AI GPUs to prevent smuggling into restricted markets, leveraging confidential computing and server latency.

Ethereum, Solana, and other cryptocurrencies are also up.