Charles Schwab adds Solana, Avalanche and Chainlink to nascent crypto platform
Schwab adding SOL, AVAX, and LINK to their platform is Peak Crypto for me. I remember when my boomer dad wouldn't touch anything that wasn't a dividend stock, and now the big brokerage is listing assets that had a "will it survive the bear market?" panic just a couple years ago. SOL is up over 6% in 24h to around $108, which feels like the market finally remembering it's not dead. My take is this is less about retail demand and more about asset managers needing to feed the ETF-era appetite for "exposure" without calling it gambling.
The bullish case is simple: institutional rails legitimize the narrative, and LINK at $12 with a 2.9% move is quietly becoming the boring infrastructure pick. The risk is that Schwab's platform starts small, and if flows disappoint, we get another "institutions are here!" false dawn. Compared to BTC at $80,480, these alts still feel like they're pricing in a permission slip rather than real adoption. But hey, crypto being crypto, I'll believe it when my 401k shows a Solana ticker and my advisor pretends he knows what staking is.