For those who have the money to buy exchange-traded funds (ETFs) for cryptocurrency trading! The use of ETFs for Bitcoin and Ethereum paves the way for widespread adoption of cryptocurrencies.

Charles Schwab has applied to the U.S. Securities and Exchange Commission to launch the first exchange-traded fund in the money market, thus entering a growing segment of the fund market.

The government money market ETF (SGVT) will be traded on the New York Stock Exchange (NYSE Arca), and it will aim to achieve current income while preserving capital and liquidity.

Unlike traditional money market funds that maintain a fixed share price of one dollar, Schwab's exchange-traded fund will have a fluctuating net asset value based on market values, representing a different approach from money market funds, as investors increasingly seek cash management options with the ease of trading on the exchange.