Charles Schwab Plans "Schwab Crypto" Account for Bitcoin and Ethereum Trading

The available evidence suggests a core true element but overstates specifics. The Yahoo Finance article says Rick Wurster stated Schwab was hopeful and likely to launch direct spot crypto trading within the next 12 months. RIABiz similarly says Wurster expected in-house spot trading by mid-April 2026. These sources support that Charles Schwab was planning direct crypto trading. However, I did not find a primary Schwab announcement or fetched source confirming the exact product name 'Schwab Crypto' account, nor a precise official statement limiting the rollout specifically to Bitcoin and Ethereum in the wording used by the post. The $166 billion characterization also appears inconsistent with how Schwab is commonly described in the corroborating coverage, which refers to the firm at much larger asset scales. So the claim is directionally supported on future direct crypto trading, but the specific viral packaging appears insufficiently sourced and partially inflated.