The bank recently received an official NYSE listing notice for its fund, MSBT — a step that analysts say typically signals a debut is near.
Wall Street’s Deepening Embrace
Still, calm is relative. Bitcoin dropped as much as 30% in 2025, with losses carrying into early 2026. Over a three-year stretch, the asset fell 50% from peak to trough.
Schwab also put Bitcoin up against commodities. Silver futures often moved more erratically on a day-to-day basis, despite recording smaller overall declines.
Within crypto markets, Bitcoin’s relative stability has grown more noticeable. Ethereum continues to trade with higher volatility and deeper drawdowns, and the gap between the two assets has widened since 2021.
A Benchmark Shift In The MakingThe Schwab report lands as Bitcoin increasingly gets measured against blue-chip equities rather than speculative assets. Whether that framing sticks may depend on how the asset behaves through the next major market stress test — a question the data cannot yet answer.
Featured image from Unsplash, chart from TradingView
