Bitwise CEO: Expects another surge in cryptocurrency ETF products.
TL;DR
Bitwise CEO predicts over 100 new crypto ETF products, with index-based ETPs becoming a major growth area. He expects the industry to expand tenfold in the future.
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ChainCatcher reports that, according to CNBC, Bitwise CEO Hunter Horsley stated, "The crypto world is about to experience an ETF feast. I think there will be over 100 products launching. We will see a large number of single-asset crypto trading platform products (ETPs). However, what excites me most is the growth of index-based crypto ETPs."
Despite the challenging market conditions, he believes that indexed ETPs will be one of the most important stories in the crypto space next year and will eventually become one of the biggest categories attracting investor attention. Hougan added, "This industry will be ten times bigger than it is now in the future." Bitwise launched the Solana staked ETF on October 28, which tracks the price of the cryptocurrency Solana.