Market Chatter: Charles Schwab, Fidelity Investments Block Certain ETF Orders

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2025.03.24 15:54
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Charles Schwab and Fidelity Investments are blocking clients from purchasing certain money-market ETFs, specifically three from BlackRock and Texas Capital. This decision follows Schwab's plans to launch its own government money-market ETF. Texas Capital expressed surprise at the move, while BlackRock emphasized the benefits of its iShares ETFs for cash management. The firms did not provide immediate comments on the situation.