“So we think that will be supportive of continued strong earnings as we go into next year and conduct activity throughout the year.”

In context

“rowth, of course, where -- as we're growing net new assets, a component of that is going to be in cash. We typically see seasonality, of course, as well. And so that's played out from quarter-to-quarter. And then, of course, client sentiment plays a big part in that as well, where early in the year, you saw a more pronounced selling and then subsequent months, cash going back into the market as clients began to continue to engage and invest. From here, the path of rates, if you look at the forwards is, of course, rates heading lower. We tend to pick up cash in that environment, how much remains to be seen. But we feel really good about what we've seen this year. Cash still operating in that normal environment, again, with an ability to pick up cash as rates begin to trend lower from here. So we think that will be supportive of continued strong earnings as we go into next year and conduct activity throughout the year. Operator: Our next question comes from Ken Worthington with JPMorgan. Kenneth Worthington: Are you looking at crypto as a driver of near-term profit? Or is crypto really about bringing in the next generation of future Schwab investors? And to what extent is aggressive pricing below the level of competitors like Coinbase and Robinhood, a factor that you're using to drive crypto clients to Schwab? Richard Wurster: Ken, great to hear from you, and thanks for the question. First, we're winning in crypto today. Our clients are highly engaged. Our traffic on our crypto site has gone up 90% year-over-year. Our clients own 20% of the crypto exchange traded product in the industry. And so most of our clients, we find are not using coins to transact on the blockchain most are wanting to get investe”