Schwab's Crypto Allocation Strategy Favors Bitcoin, Ethereum Over Solana, XRP

Charles Schwab's director of global equity research, Adam Lynch, has outlined the firm's crypto allocation strategy. The firm views Bitcoin as a classic debasement hedge and Ethereum as carrying more functional utility while still fitting into that narrative.

The three other digital assets the firm considers are Solana, XRP, and Hyperliquid, which are viewed as higher-volatility, higher-risk allocations. Lynch suggested pairing these with a core position in Bitcoin or Ethereum rather than replacing them.

Goldman Sachs has become the largest disclosed holder of spot Solana ETFs, with $88 million in exposure. However, not all institutional holders disclose their positions, so the real scale could be larger.