According to @BillAckman on Twitter, Charles Schwab is expected to offer spot Bitcoin ETF purchases with minimal commission fees, contrasting sharply with standard crypto exchanges that often charge fees between 1.5% and 2% per trade (source: @BillAckman, Twitter, June 2024). For active traders, Schwab’s likely lower commission structure—consistent with its typical low-fee brokerage model—may drive increased institutional and retail flows into spot Bitcoin ETFs, potentially impacting liquidity and price discovery across both traditional and crypto-native platforms. This shift could accelerate the migration of trading volume from high-fee exchanges to mainstream brokerages, affecting market spreads and overall cost efficiency for Bitcoin investors.